Call Options Stocks
How are call and put options taxed when exercised?
Let’s say I buy 100 CALL options and 100 PUT options on Apple stock at a strike price of (say) $120. If I exercise the call options in (say) 1 month, what are the tax implications?
Taxes are due when you close out the position. If you had a gain or loss on your put or call. If an option ends out of the money and unexercised, then you have closed the option position by default and any money you paid is a capital loss or any money your received from writing the option is profit.
Covered Call Options Education w/ the Zecco Zirens