Oh boy. Lol.PearlJammin said:Sell half your shares when the stock doubles. You didn't gain anything except free shares and don't have to pay tax until you sell the rest.gig em 02 said:PearlJammin said:
So the lesson here is, get net free without realizing any gains. Then when you retire and become "poor", just cash in enough stocks to keep you "poor".
How do you go net free without realizing gains?
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Last: 39 min ago by agdaddy04
Mostly Foggy Recollection
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UVXY?
It is at 10.11 right now.
I think you are referring to VIXY.
It is at 10.11 right now.
I think you are referring to VIXY.
Question about spreads for y'all:
If I want to enter this spread, for example:
Buy Feb 30 C at $1.55
Sell Feb 35 C at $0.75
Do I have to be able to cover both positions in my account? Or are they considered as covering each other, as long as I don't close out the long call?
I'm on TD/thinkorswim.
Thanks!
If I want to enter this spread, for example:
Buy Feb 30 C at $1.55
Sell Feb 35 C at $0.75
Do I have to be able to cover both positions in my account? Or are they considered as covering each other, as long as I don't close out the long call?
I'm on TD/thinkorswim.
Thanks!
I'm not a tax advisor or anything, but that's gonna be a no from me, dawg.PearlJammin said:Sell half your shares when the stock doubles. You didn't gain anything except free shares and don't have to pay tax until you sell the rest.gig em 02 said:PearlJammin said:
So the lesson here is, get net free without realizing any gains. Then when you retire and become "poor", just cash in enough stocks to keep you "poor".
How do you go net free without realizing gains?
Mostly Foggy Recollection said:
Do yourself a favor and park some money on UVXY in the low 10s.
The slightest hiccup in the macro market will send it to the upper teens/20. A large correction will send it soaring.
UVXY spiked to 110 in March of 2020.
I bought ITM calls at 5 strike too.
Looking back through the historical pricing, has it ever been as low as $10? In 2016 it was $10,000 or so a share?
txaggie_08 said:PearlJammin said:Sell half your shares when the stock doubles. You didn't gain anything except free shares and don't have to pay tax until you sell the rest.gig em 02 said:PearlJammin said:
So the lesson here is, get net free without realizing any gains. Then when you retire and become "poor", just cash in enough stocks to keep you "poor".
How do you go net free without realizing gains?
What? Don't you have to pay taxes on the shares you sold? There's a realized gain there on price/share.
Yes you have to pay taxes on the shares that you sell. If the stock doubles, then you have a 100% gain and then have either a long or short term gain.
I am sure every brokerage firm reports it this way. No way can or will they allow you to not report these gains
EVA3 said:I'm not a tax advisor or anything, but that's gonna be a no from me, dawg.PearlJammin said:Sell half your shares when the stock doubles. You didn't gain anything except free shares and don't have to pay tax until you sell the rest.gig em 02 said:PearlJammin said:
So the lesson here is, get net free without realizing any gains. Then when you retire and become "poor", just cash in enough stocks to keep you "poor".
How do you go net free without realizing gains?
That's a good way to go to federal prison for tax evasion.
In reference to PearlJammin
Mostly Foggy Recollection
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It's dipped briefly to 8-9.
There was a split at some point in 2016/2017.
There was a split at some point in 2016/2017.
$UVXY - I picked up some shares in one account last night.Mostly Foggy Recollection said:
It's dipped briefly to 8-9.
There was a split at some point in 2016/2017.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Mostly Foggy Recollection said:
UVXY?
It is at 10.11 right now.
I think you are referring to VIXY.
Ah yes, you are correct. Ordered up 1000 shares of UVIX on the morrow. If the shlt hits the fan, I'll at least have some folding money.
The greatest argument ever made against democracy is a 5 minute conversation with the average voter.
How bout thoughts on XL?
Seems to be loading up (I know I did unintentionally after buying in too high) for a ride but needs some volume. I gave more than I intended @ 18.95, but this thing looks to be ready to move.
Seems to be loading up (I know I did unintentionally after buying in too high) for a ride but needs some volume. I gave more than I intended @ 18.95, but this thing looks to be ready to move.
The greatest argument ever made against democracy is a 5 minute conversation with the average voter.
Is UVXY or VXX a way to hedge and also use volatility play? Wouldn't UVXY be shorting the Vix? If you think there will be a volatility spike wouldn't you buy VXX?
GME legging up AH. I can't believe how this one has moved and being orchestrated by the Wallstreetbets crowd making this an infinite squeeze. Almost amazing to see.
DubFalls said:EVA3 said:I'm not a tax advisor or anything, but that's gonna be a no from me, dawg.PearlJammin said:Sell half your shares when the stock doubles. You didn't gain anything except free shares and don't have to pay tax until you sell the rest.gig em 02 said:PearlJammin said:
So the lesson here is, get net free without realizing any gains. Then when you retire and become "poor", just cash in enough stocks to keep you "poor".
How do you go net free without realizing gains?
That's a good way to go to federal prison for tax evasion.
In reference to PearlJammin
Okay as a newbie I CLEARLY misunderstand tax implications of the net free strategy. My bad. Guess I get to look forward to a big tax bill in April!
Anyone else get the updates from Captain Solutions with the top trending stocks on social media and conversation volume? Usually get 3 email updates a day I think.
FWIW $CLOV has been on it for days and is #1 on this evenings end of day report.
Something is brewing....
FWIW $CLOV has been on it for days and is #1 on this evenings end of day report.
Something is brewing....
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Bob Knights Paper Hands
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NM
Been looking at this.Mostly Foggy Recollection said:
Do yourself a favor and park some money on UVXY in the low 10s.
The slightest hiccup in the macro market will send it to the upper teens/20. A large correction will send it soaring.
UVXY spiked to 110 in March of 2020.
I bought ITM calls at 5 strike too.
Fidelity's wanting me to acknowledge a Designated Investment Agreement before I can buy. I've read it, am I missing something with this?
Mostly Foggy Recollection
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Mostly Foggy Recollection
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Probably because:
A). You're dealing with a volatility ETF
B) it's not a fidelity ETF
Fidelity is very very very risk averse.
A). You're dealing with a volatility ETF
B) it's not a fidelity ETF
Fidelity is very very very risk averse.
Mostly Foggy Recollection said:
https://www.optionsbro.com/uvxy-explained/
Lays it all out for you.
Thanks! I am expecting a big volatility move by March. Gut feeling and wanted to get some exposure in the options market to vol.
Appreciate it. What's your play on this one?Mostly Foggy Recollection said:
Probably because:
A). You're dealing with a volatility ETF
B) it's not a fidelity ETF
Fidelity is very very very risk averse.
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A lot to digest this quarter with a new admin.
Full transparency. I started a 25K starter position at 10.13 average.
I also have 6/18 $5 calls for 5.50 entry
Full transparency. I started a 25K starter position at 10.13 average.
I also have 6/18 $5 calls for 5.50 entry
Yeah, but there's only so long they can prop it up. I think next week is earnings report (though I'm not certain on that).boyz05 said:
GME legging up AH. I can't believe how this one has moved and being orchestrated by the Wallstreetbets crowd making this an infinite squeeze. Almost amazing to see.
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Traders of TexAgs, what are your thoughts on getting into some IBIO? Seems to have some pretty solid volume. Was up to $7.45 6 months ago in July. Closed at $1.46 today and is at $1.69 After Hours.
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AG 2000' said:Been looking at this.Mostly Foggy Recollection said:
Do yourself a favor and park some money on UVXY in the low 10s.
The slightest hiccup in the macro market will send it to the upper teens/20. A large correction will send it soaring.
UVXY spiked to 110 in March of 2020.
I bought ITM calls at 5 strike too.
Fidelity's wanting me to acknowledge a Designated Investment Agreement before I can buy. I've read it, am I missing something with this?
I think they have you do that with any leveraged ETF or at least it's any inverse leveraged ETF.
IBIO:
that was a Covid play. I think they're in the vaccine production biz (with the intent of cranking them out fast). Seeing it back down under $2, it doesn't look like it's run lasted. It does look like it has reversed trend (and up AH).
I like ITRM a lot more, if looking for a bio with some real room to run. It should hit 3 to $4.
and of course a board favorite (an OA play), MBIO - my biggest holding at the moment.
that was a Covid play. I think they're in the vaccine production biz (with the intent of cranking them out fast). Seeing it back down under $2, it doesn't look like it's run lasted. It does look like it has reversed trend (and up AH).
I like ITRM a lot more, if looking for a bio with some real room to run. It should hit 3 to $4.
and of course a board favorite (an OA play), MBIO - my biggest holding at the moment.
Mostly Foggy Recollection said:
A lot to digest this quarter with a new admin.
Full transparency. I started a 25K starter position at 10.13 average.
I also have 6/18 $5 calls for 5.50 entry
Sorry trying to get this down. Did you buy $25k (or $250k) of UVXY? And you also bought $5 calls for 5.50 so you are in the money anything above $10.5? I can't see how we don't have some sort of pause with this market...
Maybe it keeps ripping and I hope so, but my gut says we have a pullback within 3 months. Not sure if it's some huge correction but a resetting before we go higher
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$AMZN - After close I put in an order for a butterfly for tomorrow pinned at 3350. We'll see if Fidelity will try to fill since the order wasn't placed the day of expiry or if they kick it out.
I'm eyeing some BS YOLO flies for AMZN 1/29, 2/5, and 2/12. All way OTM. I'm trying to look at potential gamma magnet and look at upside performance before and after past earnings to give me a feel for how far out I could go.
I'm eyeing some BS YOLO flies for AMZN 1/29, 2/5, and 2/12. All way OTM. I'm trying to look at potential gamma magnet and look at upside performance before and after past earnings to give me a feel for how far out I could go.
Thanks for the insight! I haven't followed ITRM, what do you feel would be a good price point to hop in? ThanksBREwmaster said:
IBIO:
that was a Covid play. I think they're in the vaccine production biz (with the intent of cranking them out fast). Seeing it back down under $2, it doesn't look like it's run lasted. It does look like it has reversed trend (and up AH).
I like ITRM a lot more, if looking for a bio with some real room to run. It should hit 3 to $4.
and of course a board favorite (an OA play), MBIO - my biggest holding at the moment.
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