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I bought some AAPL calls on Jan 18, 2013 that expire on Jan 18, 2014. This probably wasn't good planning. If I wait for these to exercise, will that be a holding period of a year and a day qualifying for long term gains, or one day short (no pun intended :0) ).

Thanks,
Brian
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No. of Recommendations: 2
I bought some AAPL calls on Jan 18, 2013 that expire on Jan 18, 2014. This probably wasn't good planning. If I wait for these to exercise, will that be a holding period of a year and a day qualifying for long term gains, or one day short (no pun intended :0) ).

One day short. Your holding period begins the day after purchase and includes the day of disposition. See IRS Pub. 550, pg. 56.

Ira
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