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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: K. Bloomquist who wrote (14587)	12/4/2000 12:04:58 PM
From: Gerald Walls	Respond to of 24042

This position of saying that options on the same stock but with different expirations and strikes are not substantially identical is open to argument I've seen various articles that say pretty much the same thing. Until the IRS rules as to what "substantially identical" means in regard to options it's pretty much a judgement call. IMHO if both date and strike are different then you're safe. If the strikes are the same or the dates are the same then it's less clear, especially if you roll from one OTM to another OTM with the same date. Of course, the IRS may decide to get really technical and start comparing risk/reward profile graphs. Then you're pretty much screwed.