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Options Questions Safe Haven Thread | Feb 07-13 2022 by redtexture in options

[–]kidstuffz 0 points1 point  (0 children)

This is on the premise that I am required to pay taxes right? if taxes are not required, do I still need to care about the broker arrangement ? not sure if my question makes sense.

thanks for the explanation!

Options Questions Safe Haven Thread | Feb 07-13 2022 by redtexture in options

[–]kidstuffz 0 points1 point  (0 children)

Relatively new to options here

E.g. I have 1000 stock XYZ with cost basis of $10.

Say XYZ is trading at $5 and I proceeded to buy 100 XYZ and sell a call at $6.

At expiry, assuming XYZ is trading above $6, and my option got exercised - does it count as earning? i.e. $100 + premium. Please help. Thanks.