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Get your taxes done using TurboTax
At the same time I bought around 30 put contracts of same stock which would equal to 3000 shares of same, all of them at a loss ranging from few hundreds to few thousands
please clarify what you mean by this. buying puts creates no loss until they are disposed of through sale or expiration
however, buying puts does not create a wash sale even if you sold the underlying stock at a loss. being long the put gives you the right to sell. so you can buy back the put to close, let it expire unexercised or buy stock to cover the exercise of the put. only if the buy of the stock is done within 31 days of the loss sale of the stock would there be a wash sale.
a different story is you short the put. You can also turn a sale of stock into a wash sale by selling put options. This rule is not automatic. It applies only if the put option is deep in the money — and there’s no precise standard as to when a put option is deep enough in the money for the rule to apply. The rule applies if it appears, at the time you sell the put option, that there is no substantial likelihood it will expire unexercised. In this circumstance, selling the put option can be roughly equivalent to buying the stock.