Hi Mustachians,
assume one owns an ETF or a stock that also has an active option market. Here assume I own say 100 SPY stocks, this ETF has monthly/weekly options:
https://finance.yahoo.com/quote/SPY/options?p=SPY
If I sell one out-of-money call contract a month out hoping that SPY won’t reach the strike price and I just collect the premium, will the tax authorities consider this premium as income? Will I be considered a trader from a tax status?
-zmo