Question: On February 1 5 , 2 0 2 4 , Margaret purchased a put option for $ 1 , 5 0 0 . She did

On February 15,2024, Margaret purchased a put option for $1,500. She did not exercise this option, and it expired on June 15,2024. how should this transaction be reported on Margaret's 2024 return?
1-$1,500 of investment expense
2- $1,500 of long term capital gain.
3-$1,500 of short term capital loss
4-it is not reportable as there is no gain, loss or expense related to this transaction

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