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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: Snowshoe who wrote (29214)11/22/1997 3:51:00 PM
From: Cindy Cannon  Read Replies (1) | Respond to of 58727
 
How about one more question??

Does the wash sale rule apply to different month/strike prices
when trading options? For example, say I bought Feb 35 Cymi
options.....sold for a loss... What if now I were to buy
farther out strike 25's.... and I bought them within a few
days of selling my Feb 35's.... does the wash rule apply,
and am I allowed/not allowed to take the loss on the 35's
since I repurchased a similar "security" in less than 30 days??

Thanks,
Cindy