On july 20 ibm is trading for 45 per share so all of the


Bob owns 1,000 shares of IBM that he acquired in 2012 for a cost of $35,000. Bob buys 10 of the IBM puts (IBM 75 July 20, 2018 @$4) Chang sells 10 IBM puts (IBM 75 July 20, 2018 @$4). Chang also owns 1,000 shares of IBM that she purchased in 2016 for $27,000. On July 20, IBM is trading for $45 per share so all of the options are exercised. What are the taxable results to both Bob and Chang?

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Financial Management: On july 20 ibm is trading for 45 per share so all of the
Reference No:- TGS02815649

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