Todays slide caught me and ended up losing 1 mil in SPX vertical puts that had 1% ITM probabilty when i placed the trade around 2 pm. Needless to say that I am devastated and Yes i am a complete fool and lot more but none of that helps me now.
Is there anyway to handle such loses with taxes other than 3k year capital loss deducation. I only have around 60-70k capital gains till now for the year which i believe i can offset with these losses ? Are there any other backdoor ways of handling such a loss ?
thanks!
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