Thanks for the great info. in this thread guys, very informative! As far as options go, the only success I've ever had has been selling covered calls. Otherwise, I've managed to lose money on them. It seems like the only ones who make any $ are naked sellers with a big set. They are tricky business and a good way for newbies to lose a lot of money quickly. I think many of us have little worry about wash sales because we have plenty of real losses at this point to write off the max. for years to come:-) I tip my glass of Stout to you.