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You beat me to it.... :-)
I checked out this reference a few moments ago and it's as you (and Ted)
say re: tax treatment of index and futures options.
MT
At 10:49 AM 7/6/01 -0700, Scott Hoffman wrote:
>Any options on futures as well as equity index options, (like OEX) are
>considered 1256 contracts in the IRS code and therefore enjoy the 60/40 tax
>treatment. Don't take my word for it, ask a tax advisor that has knowledge
>of tax law related to 1256 contracts. Ted Tesser, MS, CPA is on this
>list...I'm sure he knows. In fact, in his book "The Serious Investor's Tax
>survival guide, pg 261, "An index option, such as an OEX call or put, is
>treated as a commodity (futures contract) for tax purposes, not an
>equity..."
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