Q: Today is the last day for tax loss selling they say. Is this only for stocks or also for options' positions? Should one sell one's positions even if the option expiry date is in Jan to take a loss and re-enter in Jan 24? New to the options writing. Sorry for posting this question during this holiday season. Answer it if you deem this as urgent.
Happy Healthy Peaceful and Prosperous New Year!
Happy Healthy Peaceful and Prosperous New Year!
5i Research Answer:
Options have one day settlement. So Dec 28 is the last for settlement in 2023. Many options are not liquid traders so tax loss strategies are trickier. Without knowing details , and with commissions generally higher on options, we would not necessarily always endorse tax loss selling.