Let's say that I buy an option, sell it at a loss, 10 days later I buy an option with the same stock, sell it at a gain, and the gain is larger than the loss of the first option. Does this mean that since, netting the two together, it was a net gain, that it's not covered under the wash rule?
What if the first sale was at a loss, the second sale was at a gain, but the gain was less than the loss, so netted, it was still a loss. Would both transactions be in the wash calculation?
2007-03-01
17:48:27
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3 answers
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asked by
Sly Girl
3