quick and easy options tax question

Discussion in 'Options' started by splendid, Dec 15, 2011.

  1. splendid


    Thanks in advance for your help.

    I have some way, way out of the money lottery ticket calls that will expire worthless in Jan 12. I would like to sell them to offset some gains that I have this year but they do not trade.

    What do I do? Do you sell at zero? Give them away? How can I get them off my books to lock in a loss before expiration?

    Literally no bid, no trade.