Wondering how unlisted options work with taxation. I have 2 different accounts a long term and a trading. I am a sharetrader for that account with ATO.. So as the portfolio is worked out as of June 30th each year for that account if options are unlisted technically no value? Only if converted then sold the equation would be recognised? The long term account (totally separate) when exercised, the if sold after 1 year the 50% CGT discount would apply, if converted and sold under 12 months no CGT relief even though held options maybe longer than 12 months is my interpretaion. I would like others views