Question: On February 1 8 , 2 0 2 2 , Emma purchased a put option for $ 5 0 0 . She did not exercise

On February 18,2022, Emma purchased a put option for $500. She did not exercise this option, and it expired on June 18,2022. How should this transaction be reported on Emma's 2022 return?
$500 of investment expense.
$500 of long-term capital gain.
$500 of short-term capital loss.
It is not reportable, as there is no gain, loss, or expense related to this transaction.
On February 18,2022, Emma purchased a put option for $500. She

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