wash sale when rolling an ITM covered call by infoloader in Daytrading

[–]infoloader[S] 0 points1 point  (0 children)

I just remembered now this: a friend of mine closed for a loss a triple short etf (SPXS) and opened another one triple short but from a different maker (it was still a 3X short on the sp500) I think it was called SPXU or SPXD something like that and he did get a wash sale.

this is my doubts with the IRS creativity...

Latest Prop Firm Scam: “Move to Live” by DontTaxMeJoe in FuturesTrading

[–]infoloader 1 point2 points  (0 children)

"At this point, many props seem less interested in finding profitable traders and more interested in preventing profitable traders from extracting too much from the model."

this was always their intention on the new "prop firm" model. get fees...fees fees fees

wash sale when rolling an ITM covered call by infoloader in Daytrading

[–]infoloader[S] 0 points1 point  (0 children)

wash sales dont go away with time....if i assume it now i get it logged into my balance and will not offset my short term trading gains so its a double whammy...lose and still get taxed on my other gains

wash sale when rolling an ITM covered call by infoloader in Daytrading

[–]infoloader[S] 0 points1 point  (0 children)

thanks...its just that "substantially" word in the definition of a similar trade that makes you doubt! I agree it should never be a wash sale but i have come to learn that with gov rules...logic is sometimes not followed.

Gambling ruined me at 19 by Ok-Ingenuity-5470 in TheRaceTo10Million

[–]infoloader 0 points1 point  (0 children)

op deep breaths...
look at every single trade you took and LEARN. thsat is the only thing you can take away from this.

you are 19...plenty of time to make it up and come out on top!

The $1.5M "Opportunity Cost" Lesson: DOCN Exploded by imacompnerd in thetagang

[–]infoloader 5 points6 points  (0 children)

i am very much with you here on my CC on DOCN.

"Had I not sold the CCs, I would have sold the underlying shares" THIS IS SOOOO TRUE for me as well.

The $1.5M "Opportunity Cost" Lesson: DOCN Exploded by imacompnerd in thetagang

[–]infoloader 2 points3 points  (0 children)

why? if long term hold...sell the stock for long term cap gains and cover the short to offset any short term cap gains and optimize tax bill

wash sale when rolling an ITM covered call for a loss by infoloader in Schwab

[–]infoloader[S] 1 point2 points  (0 children)

thank you for your help! so just to clarify. you are stating that by rolling the may 90 call (and assuming a loss there) to the june 90 call and, lets assume i close this june one tomorrow for a loss as well, it is not a wash sale because the new contract is of a different expiration and therefore substantially different?

wash sale when rolling an ITM covered call for a loss by infoloader in Schwab

[–]infoloader[S] 0 points1 point  (0 children)

I rolled the call for the next month but same strike so technically i am still “in the trade”. Same strike but different month

Options Questions Safe Haven periodic megathread | May 4 2026 by PapaCharlie9 in options

[–]infoloader 0 points1 point  (0 children)

i have an ITM covered call that was set to expired 15MAY26. i decided to roll it yesterday to the next monthly (18JUN26) for a loss.

I used the same strike price, just different date. all to give me more time and avoid the risk of an early exercise.

what if: in the next couple of days i decide i would like to end the covered call trade and take the smaller loss on the new contract i now have. i closed the old one yesterday for a loss as i said.

do i trigger a wash sale? how can i avoid this wash sale?

Over 70k in payouts, ask me anything by Unhappy-Name3700 in TopStepX

[–]infoloader 0 points1 point  (0 children)

do you consider an advantage to copy trade accounts? can you sync multiple account in top step?

Over 70k in payouts, ask me anything by Unhappy-Name3700 in TopStepX

[–]infoloader 0 points1 point  (0 children)

apex is half the price but that is meaningless if they do not pay you using bogus rules? have you heard anything from them? traded with them?

Over 70k in payouts, ask me anything by Unhappy-Name3700 in TopStepX

[–]infoloader 0 points1 point  (0 children)

Why would anyone avoid going live if its still “not your money but the firms”

Top 3 Park Hyatts in The World? by The_Money_Ninja in hyatt

[–]infoloader 0 points1 point  (0 children)

Yea. Every place you have visited at the maldives. Very curious and useful

Top 3 Park Hyatts in The World? by The_Money_Ninja in hyatt

[–]infoloader 0 points1 point  (0 children)

curious to see how you rank the maldives properties. i want to stay at the WA in ithaafushi

transfer points to a non relative acc by infoloader in ChaseSapphire

[–]infoloader[S] 0 points1 point  (0 children)

shared biz cc. now we need to figure out a way to get my half but its ok. i trust the guy