Thanks for the replies. Curiously, Robinhood does not label the options trades or positions with a CUSIP, on the 1099, on the monthly statements, or on the trade confirmations. Here's an example of the description part of an entry on the 1099:
1a- Description of property/CUSIP/Symbol
AAPL 07/16/2021 CALL $146.00 / CUSIP: / Symbol:
I'm going to have to reach out to them for more details on the wash determination, wish me luck.
It occurs to me that if CUSIP is the matching criterion for determining wash sales, and if every symbol/strike/expiration has a unique CUSIP, I don't see how even active short term trading of options (opening and closing calls and spreads, rolling such , etc) can ever result in a wash sale, except for trades left open over the end of the calendar year. In my example, the loss on the first trade can't be called a wash if there is no other existing position of that NVDA 190 call to push the basis adjustment to. Options bought/sold are either closed out or expire, and that's that. Am I missing something?
I'll update here with the gist of the response I get from RH.
