It seems to me that options on UVXY are section 1256 contracts, because they are "non-equity options." However, I can tell that Fidelity is not treating these options as section 1256 contracts, because on their Gain/Loss worksheets, they allocate a regular VIX contract transaction (an option on plain old VIX) to both long and short term as per the Sec. 1256 rules, but they consider UVXY options transations to be 100% short term (if the trade was actually short term). To be clear, it would appear that Fidelity doesn't consider UVXY options to be Section 1256 contracts, while they consider options on plain-old VIX to be Section 1256 contracts. I take it that I still have a choice as to whether I want to report UVXY options transactions under section 1256 or not...is that correct? What about in 2014?....when the options reporting rules take effect....will I still have a choice as to whether UVXY options transactions are reported as section 1256 contracts or am I at the mercy of the broker? Thanks, J.