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URL:  http://boards.fool.com/substantially-identical-option-contracts--30394167.aspx

Subject:  substantially identical option contracts ? Date:  11/21/2012  4:54 PM
Author:  dbg100 Number:  116954 of 121099

Hi,
I was wondering whether anyone knows what constitutes substantially identical option contracts - this is in the context of wash sales.

The specific scenario is:
1. Sold an October '12 205 Put on company XYZ and closed the position at loss
2. Sold a January '13 200 Put on company XYZ within the 31 day window.

Is a January '13 200 Put considered to be substantially identical to a November '12 205 Put ?

My assumption is they are, they have almost the same risk/reward characteristics, but I haven't found a definitive rule anywhere.

Thanks,
David
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