FINRA Series-7 Question Answer
In June, Bubba bought 100 shares of XYZ at $35. In November, he bought a listed put in XYZ with a $35 strike price and a July expiration for a premium of $600.
If Bubba sells the stock at $45 in July, what is his resulting tax liability for that transaction?
FINRA Series-7 Summary
- Vendor: FINRA
- Product: Series-7
- Update on: Jul 25, 2025
- Questions: 400
