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Hi tax gurus,

My Dad had a tax strategy, "make more money", I prefer to tinker a bit.

Some short time ago, I had to trim my synthetic long on ATVI, so I sold a CALL. After it was exercised I was short ATVI and still had a matching Syn.
The short PUT had STCG and the long CALL had also STCG, but as it was only two months to a year old I decided to keep it before liquidating the short and the Syn to avoid some taxes, thinking that it did not matter how ATVI moved, the change in the Syn would exactly match the change in the SHORT.
Two months later the CALL became LTCG, then I noticed that as ATVI raised in price, the SHORT PUT increased its STCG and the CALL increased its LTCG while the SHORT generated a STCL. My projection is that if ATVI continues raising to 101 the loss on the SHORT will match the gain on the PUT and the net gain will become ALL LTCG instead of all STCG if I had liquidated immediately or half and half if I had liquidated as soon as the CALL became LTCG. That would save a lot of taxes!

Is there a catch that I don't see?

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