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Posted by joetaxpayer on December 9, 2007, 2:51 am
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valentino wrote:
> I have losses in etrade. I plan to sell the stock and take the loss. Can i
> buy call option in the same, etrade, right the way, or the call option is
> the same as the stock proper and voids the cap loss if exercised within 30
> days?
>
> thanks, alex
>
From the Journal of Financial Planning, this article;
http://www.fpanet.org/journal/articles/1980_Issues/upload/9722_1.pdf
says for wash sale rules, an option is the treated the same as its
underlying stock. Buying the option within thirty days of sale, triggers
wash sale rules.
JOE
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