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. In April, Bubba exercises the put option and uses his stock for delivery.
What is his resulting tax consequence?
FINRA Series-7 Summary
- Vendor: FINRA
- Product: Series-7
- Update on: Jul 25, 2025
- Questions: 400
