What Did You Buy Today?

[fenders53]

(05-04-2021, 02:48 PM)fenders53 Wrote:

(05-04-2021, 02:39 PM)vbin Wrote: Does wash sale rule applies while rolling options?

If you are moving the date or strike  I can't imagine that works.  It's not the same security/investment.  Chad would know.

I may have misunderstood you.  I don't know if Chad ever plays options but he is surely going to need details.  If I sell an option then buy it back for whatever price, win or lose, that's a roundtrip closed trade.  The next one at a new expiration date is a new trade.  If you are repeatedly buying and selling the exact same ticker and strike like you might trade a JAN22 LEAP, that would clearly fall under wash sale rules if I was the IRS. You could do that once a week and in my mind it's the same security.. It's a great question.