Laraby
New Member

Are 100% of my losses considered wash sales by only trading SPY options every day?

I trade $SPY options, almost exclusively.  Everyday I buy and sell or scalp SPY call and put options, totaling 100s of trades per week, every week. 
I assume despite the different expiration dates and strike prices, that these trades are considered “substantially identical”.  
since 99% of all my trading are these options, am I to assume that ALL of my losses throughout the entire year are wash sales and therefore disallowed?

If I had 100 trades of SPY options last week, where I spent $15k total but lost $1k, …does this loss not count?  Am I to be taxed on money I didn’t make because technically all these trades could be wash sales and any losses are disallowed??
Please help because I am very concerned about having to pay taxes on money I didn’t even make.