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Question while it's out of hours and slower. If I were to buy a 2021 option today and then exercise that option in 6 months, what is my acquisition date for tax purposes? The date I buy the option or the date I exercise it and buy the shares?
Touchless said:
Question while it's out of hours and slower. If I were to buy a 2021 option today and then exercise that option in 6 months, what is my acquisition date for tax purposes? The date I buy the option or the date I exercise it and buy the shares?
Your acquisition date for the option is the day you purchase it and the date you acquired the stock it the date you acquire it, the exercise date.
Talon2DSO said:
I'm waiting for it to get below $10 again...at least that's my hope in the next week or so
Bought some more at 11.90
I'm holding shares with TEVA. Hope they do well
If you believe in insider buying as a signal, check out what Roger Kinder has been doing at Kinder Morgan $KMI
WHEN?
When will this happen or did I already miss it?
Nice video on trading with Fibonacci retracements, which is basically OA's Model T pattern. Interestingly enough, the video also claims that the 50% retracement level is the most common. Bit curious how the market has such a self-fulfilling characteristic, but it's massive amounts of people doing the buying and selling, so I guess it makes sense. Anyway, I thought this would be timely as most on here are chasing the golden SPY 279 level.
ABT gets approval on new 20 min CV19 test. Starting manufacture at 50k/day
https://www.marketwatch.com/story/abbott-labs-receives-fda-approval-for-rapid-covid-19-test-2020-03-27
https://www.marketwatch.com/story/abbott-labs-receives-fda-approval-for-rapid-covid-19-test-2020-03-27
Careful with these COVID testing names - there's a ton of them. I traded a few this week and had some mixed results. AYTU apparently has a 2 minute test. OPK is trash. CODX moved on news this past week.McInnis 03 said:
ABT gets approval on new 20 min CV19 test. Starting manufacture at 50k/day
https://www.marketwatch.com/story/abbott-labs-receives-fda-approval-for-rapid-covid-19-test-2020-03-27
For certain, but truth be told I've been holding ABT for years, a dividend aristocrat, solid company......interesting that they get a leg up here
I actually bought into a company TTOO off a testing contract at .45 and it shot to $1 two days later. Made some good money and got out. You are right there are tons of these type companies right now
george1992 said:Touchless said:
Question while it's out of hours and slower. If I were to buy a 2021 option today and then exercise that option in 6 months, what is my acquisition date for tax purposes? The date I buy the option or the date I exercise it and buy the shares?
Your acquisition date for the option is the day you purchase it and the date you acquired the stock it the date you acquire it, the exercise date.
Thanks. That's unfortunate. I was hoping it was all based on option purchase date since you essentially control 100 shares at that point. Good to know though.
What are you trying to solve for?
Nothing in particular. Just thinking about if I enter some 6 month options or something and then decide to exercise them what my effective date is for tax purposes. Trying to think ahead for the long term market reversal.
I don't normally do options, so how are the lot of y'all playing the market if you believe we are re-testing the lows sometime in April? Do you buy strangled options on the way down or do you buy just the puts? And what time duration do you normally target?
So let's get a run up to that 280 point this week and then go retest that 230 gap by mid April for re-entry points for most of us. Then we can just go ahead and move steadily up over the next few months as America realizes we all need to sack up and get back to work
Everyone ok with that plan?
Everyone ok with that plan?
Can you get Saudi to attack Iran to get the price of oil up too?gougler08 said:
So let's get a run up to that 280 point this week and then go retest that 230 gap by mid April for re-entry points for most of us. Then we can just go ahead and move steadily up over the next few months as America realizes we all need to sack up and get back to work
Everyone ok with that plan?
Prognightmare said:Can you get Saudi to attack Iran to get the price of oil up too?gougler08 said:
So let's get a run up to that 280 point this week and then go retest that 230 gap by mid April for re-entry points for most of us. Then we can just go ahead and move steadily up over the next few months as America realizes we all need to sack up and get back to work
Everyone ok with that plan?
Or can Russian wells get Covid?
Early on I was far too weighted to bullish action. Was losing my arse. Since that sore time I've been balancing bullish positions with bearish ones to create a more neutral stance that allows for profit on movements both ways.
I'm still trying to get the hang of it but this past week was far better for me than any other
I'm still trying to get the hang of it but this past week was far better for me than any other
id rather let the market balance out and not need geopolitical conflict to artificially create market demand.Prognightmare said:Can you get Saudi to attack Iran to get the price of oil up too?gougler08 said:
So let's get a run up to that 280 point this week and then go retest that 230 gap by mid April for re-entry points for most of us. Then we can just go ahead and move steadily up over the next few months as America realizes we all need to sack up and get back to work
Everyone ok with that plan?
I was being facetious.
Ragoo said:id rather let the market balance out and not need geopolitical conflict to artificially create market demand.Prognightmare said:Can you get Saudi to attack Iran to get the price of oil up too?gougler08 said:
So let's get a run up to that 280 point this week and then go retest that 230 gap by mid April for re-entry points for most of us. Then we can just go ahead and move steadily up over the next few months as America realizes we all need to sack up and get back to work
Everyone ok with that plan?
I think he was joking.
jj9000 said:
I read the British epidimiologist paper.
Several assumptions were made in the model which may suggest GIGO.
Encouraging if valid, however, the lethality of a virus doesn't just tick up in the 3-4 month timeframe, with massive amounts of people needing ventilators to live. The world would have been where we are now months ago.
Exactly. If this has been a slow build then we wouldn't see such a dramatic swarm of critical patients. And that growth of critical patients is following the trend of a new infection to the population, not one that's been spreading for a long timeframe.
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McInnis 03 said:
Early on I was far too weighted to bullish action. Was losing my arse. Since that sore time I've been balancing bullish positions with bearish ones to create a more neutral stance that allows for profit on movements both ways.
I'm still trying to get the hang of it but this past week was far better for me than any other
It's a balance. This week I've found myself more bearish than I probably should have been. Accounts still went up but I'm losing ground (or losing buying power) versus if I had shoved everything in an index on Monday. I'm still learning as well. There has 5o be some way for me to create a formula based guide for myself to evaluate that. Still thinking through that.
This is where I probably need to reach out more to investment professionals.
Prognightmare said:
I was being facetious.
Prognightmare said:
Herd immunity stories are becoming more prevalent. If this is true, we're at the latter stages and economy will roar when we finally open, but it needs to be sooner than later.
I was a big Candace Owen fan but the way she has been handling this is a joke. I'm going to buy some puts because I think she's really hurt her career in the last couple weeks.
Doesn't this line up with all the social distancing efforts? All the early models suggested if we stop those efforts we'll have a resurgence of infections therefore deaths. Seems to fall perfectly in line with that theory.WoMD said:jj9000 said:
I read the British epidimiologist paper.
Several assumptions were made in the model which may suggest GIGO.
Encouraging if valid, however, the lethality of a virus doesn't just tick up in the 3-4 month timeframe, with massive amounts of people needing ventilators to live. The world would have been where we are now months ago.
Exactly. If this has been a slow build then we wouldn't see such a dramatic swarm of critical patients. And that growth of critical patients is following the trend of a new infection to the population, not one that's been spreading for a long timeframe.
I know there are tons of people who can't work from home, but I can't imagine going back to work for a month, and then starting all this over again is the best choice of action.
Don't beat yourself up. Nobody will ever make the right call 100% of the time. Nor be positioned perfectly for the markets reaction on an hourly or daily basis.Bob Knights Liver said:McInnis 03 said:
Early on I was far too weighted to bullish action. Was losing my arse. Since that sore time I've been balancing bullish positions with bearish ones to create a more neutral stance that allows for profit on movements both ways.
I'm still trying to get the hang of it but this past week was far better for me than any other
It's a balance. This week I've found myself more bearish than I probably should have been. Accounts still went up but I'm losing ground (or losing buying power) versus if I had shoved everything in an index on Monday. I'm still learning as well. There has 5o be some way for me to create a formula based guide for myself to evaluate that. Still thinking through that.
This is where I probably need to reach out more to investment professionals.
Mistakes generally come from behavior and emotional decision making. Learn from those and why something happened. Choose your exit strategies and stick to them.
A $1,000 mistake now beats a $15,000 mistake in the future.
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