I was watching Fast Money tonight and Karen Finerman said you could do the following interesting strategy to prevent a short term loss from becoming a long term loss (assuming you did not want to outright sell for some reason).

She said before the stock has been owned 365 days, you could buy an out of the money put, which ends the holding period. That gives you the short term loss at your marginal rate vs a long term that offsets 15% cap gains.

I trust this to be true as she has proven herself to be an astute investor, intelligent person and experienced hedge fund manager.

Any comments?