Got a question regarding exercising options such as the lke options. How do you calculate your cost basis?
For example I bought 100 lkeob at 70cents and it costs 30cents to exercise.
Is my cost base $1
I cannot find anything about non put or call options
Also are options and stocks considered different assets per the wash sale rules?
Hi @Infernaltuv,
You can check out information on rights and options on our weblink here.
In relation to call and put options, the following applies - Exchange traded options are types of options that are not created by the company but by independent third parties and are traded on the stock exchange. They come in two forms:
A wash sale involves the selling and re-purchasing of the same or a similar asset, within a short time frame. The sale and re-purchase essentially cancel each other out. You’re left with similar assets, but an improvement in your tax position by way of a capital loss, or allowable deduction.
Reading our wash sale taxation ruling might not sound like fun, but it actually contains six examples of what we would consider a wash sale. If in any doubt, you can seek advice from a registered tax professional, or our tailored technical area.
Hi @Infernaltuv,
You can check out information on rights and options on our weblink here.
In relation to call and put options, the following applies - Exchange traded options are types of options that are not created by the company but by independent third parties and are traded on the stock exchange. They come in two forms:
A wash sale involves the selling and re-purchasing of the same or a similar asset, within a short time frame. The sale and re-purchase essentially cancel each other out. You’re left with similar assets, but an improvement in your tax position by way of a capital loss, or allowable deduction.
Reading our wash sale taxation ruling might not sound like fun, but it actually contains six examples of what we would consider a wash sale. If in any doubt, you can seek advice from a registered tax professional, or our tailored technical area.
15 Apr 2026 · 8 min read time
4 Dec 2023 · 9 min read time
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