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If TSLA is at or above the strike price on expiration day, your put will expire worthless and your profit will be $200. Note that although unlikely, since this is an American style option, you can be assigned at any time so it's possible that if TSLA trades below the strike price between now and expiration, you'll have early assignment. If TSLA is below the ...


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For US markets, the complete list is available for free from the Options Clearing Corporation (OCC): Directory of Listed Products. Click on "Download Full Directory of Listed Products". The format of the file is specified in DLP - HTTP Download Record Layout (PDF).


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Yes, IRS rules regarding options are vague and unclear. Often, even the experts aren't sure what the tax implications are. The rule is that if the stock is owned for less than one year and a protective put is purchased, the stock's holding period resets. If owned for more than one year then the stock's gain or loss is considered long-term regardless of ...


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You bought an option which will pay you money if your chosen company drops from $41 to $17 within the next 2 weeks. That is a massive, massive drop in value required, and you should understand how incredibly unlikely that is. Like, lightning striking-levels of improbability. I assume liquidity of your chosen option is sparse, and thus the value you see ...


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You can't buy or sell an option for zero dollars. At best, it's a one cent minimum. If the purpose of buying this option is to close an existing position, perhaps for tax purposes, you can use a spread order where this option is the long leg. That will leave you with a different short leg which you will close as soon as you get a fill on your spread.


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If the derivatives are OTC, and are highly leveraged, then you can have a confluence of (relatively) low liquidity, and rapidly escalating losses against the only counterparty that can help you exit the position. In that cases, action is usually taken very rapidly!


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