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Financial Planning / Tax Strategies


Subject:  Wash Sale & Options Date:  12/22/1997  10:30 AM
Author:  ajshih Number:  981 of 127747

How do options play into the wash sale rules?

I have two scenarios, one a stock & option interaction, another just options w/ options.

1) Are options treated as "like" securities with stocks? If I sell some stock at a loss and buy options,
is that treated as a wash sale also?

If so, would I just increase the cost-basis of the
purchased options?

2) I buy and sell Nov expiration calls at a loss.
Within the 30 days, (when the Nov would expire anyways) I purchase some Feb calls. Is this a
wash sale?

Andrew J Shih

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