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Reply to "Shorting against the box- what was DH thinking?"
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[quote=Anonymous]Yes, if he closes out the shorts with the long positions his acct value approx $156k. Again this is now a tax issue, you have potential LT capital gains w LT capital losses. Maybe now he wants to keep the long positions, so if available he could use cash to closed out the short positions, or maybe a mix of long ETF w cash. This is not the way to build wealth obviously esp with this current market environment. It was a Covid trade that went south, he needs to transition out of these short positions. [/quote]
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