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Author: cshs81 Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121572  
Subject: Wash sale education Date: 3/8/2011 9:28 PM
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I've read Pub 550 a few times in regards to the wash sale rule and puts/calls.

Here's my transactions:

All are for the same underlying security.

12.21.09 sold Feb10 21 Put earning $110
2.21.10 Feb10 21 put expired

3/19/2010 9:30 Buy To Open 1 MON Mar10 70 Call $2.82
3/19/2010 9:39 Sell To Open 1 MON Jan12 70 Put $9.75
3/19/2010 10:43 Sell To Close 1 MON Mar10 70 Call $0.00
3/19/2010 10:43 Buy 100 MON - Option Exercise $70.00

4/19/2010 13:37 Buy To Close 1 MON Jan12 70 Put $12.34
4/19/2010 13:38 Sell 100 MON - MONSANTO CO $66.11
4/30/2010 9:31 Sell To Open 3 MCO Jun10 24 Put $1.15

6/18/2010 19:00 Buy To Close 3 MCO Jun10 24 Put $0.00
6/18/2010 19:00 Buy 300 MCO - Option Assignment $24.00
6/22/2010 11:50 Sell To Open 3 MCO Aug10 23 Call $0.71
6/22/2010 11:50 Sell To Open 3 MCO Aug10 23 Call $0.72
6/22/2010 11:50 Buy To Open 3 MCO Aug10 22 Call $1.13

8/17/2010 9:32 Sell To Close 3 MCO Aug10 22 Call $0.47
8/17/2010 9:32 Buy To Close 3 MCO Aug10 23 Call $0.11
8/22/2010 12:23 Buy To Close 3 EXPIRED MCO AUG10 23 CALL $0.00
8/23/2010 9:30 Sell 300 MCO - MOODYS CORP $21.74


Any wash sales here?
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Author: vkg Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 112640 of 121572
Subject: Re: Wash sale education Date: 3/9/2011 12:13 AM
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Any wash sales here?

Does it matter?

1.) All of the transactions are in the same tax year.

2.) On 8/24 you no longer owned MCO stock and all put/calls were closed.

3.) You didn't rebuy a position in MCO for 30 days after 8/24.

Providing the above statements are true, calculating wash sales would not alter your taxes for 2010.

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