When does the holding period starts -- for a stock acquired by exercising a call option?

exercise the call option to buy the stock. The call premium that I paid is added to the cost basis of the stock.
Does my holding period for this stock starts on 12/1/2012 (date of exercising the call option)? Or 11/1/2010 (date I acquired the call option)?
TIA.
Reply to
NoClue
Once again, my friends at the IRS actually do a good job on their site organizing this information. Citation below.
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If you exercise a call, add its cost to the basis of the stock you bought. If you exercise a put, reduce your amount realized on the sale of the underlying stock by the cost of the put when figuring your gain or loss. Any gain or loss on the sale of the underlying stock is long term or short term depending on your holding period for the underlying stock.
Clock starts the day stock is purchased.
Reply to
JoeTaxpayer
I bought a call option on stock xyz on 11/1/2010. On 12/1/2012, I exercise the call option to buy the stock. The call premium that I paid is added to the cost basis of the stock.
Does my holding period for this stock starts on 12/1/2012 (date of exercising the call option)? Or 11/1/2010 (date I acquired the call option)? ============== Starts on 12/2/2012, the day after acquisition.
Reply to
D. Stussy

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