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To: hpeace who wrote (208)	11/20/1997 5:00:00 PM
From: Gary	Read Replies (1) \| Respond to of 5810

Steve The wash sale rules cover a thirty day period before and after the sale at a loss. The options are a substantially identical security. See my reply to Bum's post Gary

To: hpeace who wrote (208)	11/20/1997 10:55:00 PM
From: Colin Cody	Read Replies (2) \| Respond to of 5810

A "call" is a contract. A stock is an EQUITY POSITION. I do not believe a call is substantially identical to common stock, therefore the wash-sales rule is NOT applicable in a case with one leg being an option and the other being the underlying stock. . UNLESS, perhaps you were talking DEEP-DEEP In-The-Money calls, that had no premium, and in effect "were identical to the underlying stock". . Colin