Options wash sale question

Hi, folks! I can never remember the answer to this question. I suppose I should write it down somewhere…

If I am assigned shares from a short put option and then immediately sell the assigned shares, is that considered a wash sale? Do I have to wait the 31 days before selling the assigned shares? I’m thinking “no”, but I know there are tax experts on this board.

If the answer is “Yes, it’s a wash sale”, then what about if I sell a weekly call against those shares, and the call gets exercised, calling away the shares before 31 days have elapsed?

Thank you!


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With the assumption that you have no other position in the underlying, my understanding is that closing the position will not result in a wash sale as long as you do not create a new position in the following 31 days from the sale.