Quick question. So I am both straddling and strangling options and need to know how the wash sale rule affects me in the case that I take a profit larger than my loss and close my position and then repeat with the SAME company when I see fit. So quick example Apple opens at $150 and I play the 152.5 calls and the 147.5 put let’s just say they each cost $100 and I’m in for $200 total one side runs up to $150 a contract while the other only drops to $70 a contract leaving a $20 gain. Now let’s say I repeat the strategy the next day with Apple in the exact same way and it worked out the same way leaving a $20 gain again, so now I’ve put a total of $400 during these 2 days to make these trades and my gain on one side following my example led to the contracts on the profitable side being worth $300 while the losing side is left with a total value of $140 which leaves the $40 gain. My question is, will the $140 on the losing side completely screw my taxes since I played the exact same company on back-to-back days or will I only be taxed on the $40 overall gain?
