### Question
What is the definition of listed option?


### Answer
The definition of **listed option** is as follows in *26 U.S.C. § 1256*:

> any option (other than a right to acquire stock from the issuer) which is traded on (or subject to the rules of) a qualified board or exchange

#### Citation:
  - *26 U.S.C. § 1256*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter P-Capital Gains and Losses > PART IV-SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES**

