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To: DavidG who wrote (16059)11/25/1998 11:06:00 AM
From: Ian@SI  Read Replies (2) | Respond to of 25814
 
DavidG,

It's a great strategy as long as you don't tell IRS what you did.

Those meanies invoke the wash sale rules when you either buy back the same security within 30 days or even just "substantially" the same security.

... and they do treat an option to buy CUBE as substantially the same security as CUBE.