More often, this sort of rum is used in cocktails or in cooking. Honey rum is often used in baking, particularly desserts, but is also popular in more savory meat and vegetable dishes. Rum is a common marinade, and can also be used in a number of cooking and braising recipes.
If you do exercise the option, you can calculate its return in a few simple steps. Subtract the purchase price from the sales price of the asset, which you bought or sold using the option. Regardless of whether the option was a call or a put, the steps are identical.
To figure your estimated tax, you must figure your expected adjusted gross income, taxable income, taxes, deductions, and credits for the year. When figuring your estimated tax for the current year, it may be helpful to use your income, deductions, and credits for the prior year as a starting point. Use your prior year's federal tax return as a guide. You can use the worksheet in Form 1040-ES (PDF) to figure your estimated tax.