Turnover Calculation for Options (Call Buyer)

For a call buyer, the turnover is calculated as the absolute net profit/loss plus the premium received (which is the gross profit from squaring off). If there's a net profit of 700 (after paying 300 premium) and the gross profit from squaring off is 1000, the turnover is 700 (absolute profit) + 1000 (premium received on sale) = 1700.

For a call buyer where the option expires out of the money (and not executed), the turnover is equal to the premium paid. This is because there is no gross profit on squaring off. If the premium paid was 300, the turnover is 300.