"If an investor sells 1 TCB Jul 40 put and buys 1 TCB Jul 50 put, and subsequently sells the Jul 50 put, what is the consequence? A)Short-term capital gain if she sells at a profit, or long-term capital loss if she sells at a loss B)Long-term capital gain if she sells at a profit, or short-term capital loss if she sells at a loss C)Passive income or loss D)Capital gain or loss"
