# Rev. Rul. 2002-66: Rev. Rul. 2002-66, 2002-2 C.B. 812

IRS guidance. 2002-10-02 · Internal Revenue Service.

A purchased put on the same stock makes a stock plus qualified covered call pair part of a larger straddle, so the section 1092(c)(4)(A) exemption does not apply. In a later-put case the exemption is lost from the date the put is acquired. Cites H. Rep. 432 (1984) and S. Rep. 144 (1981).

Cites 26 U.S.C. § 1092: § 1092(c)(4)(A) (7x), § 1092(c)(4) (6x), § 1092(a)(2)(B)(iii) (3x), § 1092(a) (1x), § 1092(c) (1x), § 1092(c)(4)(B) (1x), § 1092(d)(3) (1x)