contracts and straddles refer to section 1256 contracts
stock options are not 1256 contracts (unless you're a dealer in them) so if that's the only type of options you traded answer no
A section 1256 contract is any:
• Regulated futures contract,
• Foreign currency contract,
• Nonequity option, (ie not a stock option)
• Dealer equity option, or
• Dealer securities futures contract.
For definitions of these terms and
more details, see section 1256(g) and
Pub. 550.
A section 1256 contract doesn’t include any securities future contract,
option on a securities future contract,
interest rate swap, currency swap, basis
swap, commodity swap, equity swap,
equity index swap, credit default swap,
interest rate cap, interest rate floor, or
similar agreement.
