Thanks for replying @Mike9241 .
I wanted to clarify this part: If the positions you acquired within the wash sale period permit you to participate in the same up and down market swings as the position that produced the loss, there’s a chance the IRS will say you have a wash sale. If that’s not the case, you should be safe.
I lost money on stocks (and options) and I'm planning to buy puts. If the stock goes down further, I make money on it. That seems to fit your definition of a wash sale, doesn't it?
