this post was submitted on 11 Mar 2024
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If it has a dollar valuation, if it's taxable, it can be liquidated.
Are you talking about writing them off?
Options come with the obligation to pay for the underlying asset, so unless they are valued above the strike price, they are effectively worse than worthless.
Options can come with or without the obligation to buy the underlying asset. I'd assume they will never be worth less than worthless.
Less than worthless would be when exercised, not exercising would be worth 0 - unless you paid for the option contract, in which case not exercising would represent a loss.