I have calls for SPY that will expire and I will get assigned (3% loss, would have been much worse without the calls as a hedge) Now when I get assigned and have the cash, if I write OTM puts for SPY as long as the option expires over 30 days (ie lets say 34 days etc..) I get put, this will not count as a wash sale right? because I wrote a put contract I did not buy SPY again, I just collected a premium correct? I would like to take advantage and offset some of my gains.
Spin, Are you sure that's a wash sale? He didn't re-buy the stock within 30 days and the Put was OTM and clearly not "substantially identical". Don
At this pont, I have no clue. The OP started 2 chains and it became clear that it was unclear what his positions and execution dates were.