system
A chat on subreddit /r/wallstreetbets
human
IANAL, but generally for tax purposes, IIRC, when you hedge is when you're considered selling. So if you buy a put before your underlying is a year old, you owe ST capital gains, even if expires or you actually exercise after the one year is up. I'd imagine it's something similar and this is for 'non-insiders'. If you're on the board or upper management, regardless of the law, I wouldn't want to trade options, just the image of possible impropriety would be worse than any possible gains.

gpt
That's why you blink morse code to your friends to sell the calls