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Craig purchased a call option on October 28, 2021, for $350. The option gave him the right to buy 100 shares of Actron stock for
Craig purchased a call option on October 28, 2021, for $350. The option gave him the right to buy 100 shares of Actron stock for $55 a share. He sold the option for $500 on November 24, 2021, when the price of the stock was $61 a share. How much capital gain should Craig report on his 2021 return? A)$0 B)$150 C)$500 D)$600.
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