Advanced Micro Devices Inc (AMD)

[Petz]

Are you guys aware of the 60-40 rule and mark-to-market rule on profits/losses from index options?

Basically any gains/losses are counted as 60% long term, 40% short term no matter how long you held the index options.

And positions held on December 31 have to be treated as if they were sold and then repurchased on Decmeber 31.

But some index options don't qualify -- "narrow based indices"

Petz