Valid Series-7 Dumps shared by ExamDiscuss.com for Helping Passing Series-7 Exam! ExamDiscuss.com now offer the newest Series-7 exam dumps, the ExamDiscuss.com Series-7 exam questions have been updated and answers have been corrected get the newest ExamDiscuss.com Series-7 dumps with Test Engine here:
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?
Correct Answer: A
Explanation/Reference: Explanation: a $600 loss. The strike price and Bubba's purchase price are the same. He has a $600 loss on the option for the premium he paid.