gougler08 said:

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mazag08 said:

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Has anyone followed MMP?

Sitting at $40.59, $7 below it's lowest analyst price target.

Pays a dividend of $1.0275 quarterly.. roughly 10% cash on cash at this price. And while options chain is meh, you could sell July $52.5 call for $0.50.

Granted, 4th quarter earnings were down from 2019 due to Covid and oil being down in 2020. So some risk if they don't get back to pre-Covid levels. But if they do, the dividend will likely go even higher.

I'm watching this one. Need to do more research.

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Chart looks good if it holds above $40, may be a good play for my 401k with the dividend + still some upside if it can get to pre-Covid numbers at some point

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Yeah this would be an IRA play for me.

Ragoo said:

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Figured out how to TTM Squeeze scan on TOS desktop and then convert that scan to a watchlist.

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I do that and make an alert when something gets added so that I can get notified on my mobile. It's a useful technique for those that do 95% of their stuff on TOS mobile app since you can't search for squeezes and set alerts for them

Selling May or August calls on CLOV look really nice right now.

Was averaged at $12.40 after the large dip and sold the May $20s for $2.40 yesterday. Half of my shares.

Any recommendations for podcasts that discuss trading?

When you guys started out selling for short term capital gains, what'd you start doing on taxes? Seen reference earlier to paying quarterly. Do most of y'all do that?

Guitarsoup said:

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StrawberryFields said:

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Guitarsoup said:

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TDA question:

Can I create a Roth IRA for my wife, but link it so I can trade in it under my account?

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Yes, you can link multiple accounts together. I've done this with several of ours. Just look for the "Link/Add Acct" button on the main landing page when you logon.

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Thanks. When you link them, you can have privileges to trade/manage in that account? You aren't just able to see it, right?

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Does anyone using ATP on Fidelity know if you can do the same as above in TDA?

Thundergon said:

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tv1113 said:

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Already deleted Robinhood never using that garbage again

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I received an email from Robinhood yesterday stating they would match up to 5% (max of $150) of any deposit I made thru Feb 19th. I also noticed on Friday apparently they allow 0 DTE trades now. Interesting, that tells me they are trying everything they can to keep people from leaving.

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So if i put 3k in rh they'll give me $150? I hate robinhood but I'll do that

agdaddy04 said:

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Engine10 said:

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I've got a 10-15% portion of funds in ARKK - flipping weeklies or monthlies on it depending on performance. Yielding 1-2% on the premium if not called, 4-6% if called. Do that 25-30 times a year assuming ARKK doesn't totally tank, not a bad way to earn a living.

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This is the kind of thing I need to understand better. Is that type of information covered in OA's seminar?

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Read/youtube up on selling cash secured puts, selling covered calls, and "the wheel strategy"

Engine, seems like buying arkk makes more sense than trying to chase cathie's trades!

If Derek Coatney is bullish, we are very near a top.

agdaddy04 said:

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When you guys started out selling for short term capital gains, what'd you start doing on taxes? Seen reference earlier to paying quarterly. Do most of y'all do that?

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2020 was my first year of having a significant amount of short term gains so I'm interested to see what impact it has on my taxes, then I'll start to plan for 2021

Can't withdraw it for 60 days.

gougler08 said:

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agdaddy04 said:

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When you guys started out selling for short term capital gains, what'd you start doing on taxes? Seen reference earlier to paying quarterly. Do most of y'all do that?

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2020 was my first year of having a significant amount of short term gains so I'm interested to see what impact it has on my taxes, then I'll start to plan for 2021

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I pay quarterly, but not the full amount. My accountant handles it for me.

Maybe this will give us a boost on $PINS

To say more, figure out what tax bracket you will be in and set aside that money. You'll want to be within 20% in the first 3 quarters - remember it's estimated. You'll want to get as close as you can for the 4Q payment for the entire year.

For those that are worried, the government penalties for under payment are not that bad and an argument can be made that you could more than make up the difference with conservative covered calls.

Personally, I try to be as close as possible to the tax law but give myself some breathing room in case I have a draw down. In most years, I'm more in the long term gain and 1099-DIV camp, and that's very predictable.

I think Short term gains are essentially treated like regular income

So you are taxed at whatever your regular tax bracket indicates

$30,000 Millionaire said:

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To say more, figure out what tax bracket you will be in and set aside that money. You'll want to be within 20% in the first 3 quarters - remember it's estimated. You'll want to get as close as you can for the 4Q payment for the entire year.

For those that are worried, the government penalties for under payment are not that bad and an argument can be made that you could more than make up the difference with conservative covered calls.

Personally, I try to be as close as possible to the tax law but give myself some breathing room in case I have a draw down. In most years, I'm more in the long term gain and 1099-DIV camp, and that's very predictable.

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So I've always just done my own taxes since fidelity provides all the paperwork and can automatically transfer in to TurboTax...certainly agree with keeping the money to the side but I don't know if it makes a difference lying quarterly vs. just at normal times?

NRD09 said:

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Thundergon said:

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tv1113 said:

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Already deleted Robinhood never using that garbage again

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I received an email from Robinhood yesterday stating they would match up to 5% (max of $150) of any deposit I made thru Feb 19th. I also noticed on Friday apparently they allow 0 DTE trades now. Interesting, that tells me they are trying everything they can to keep people from leaving.

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So if i put 3k in rh they'll give me $150? I hate robinhood but I'll do that

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Sounds like they are hemorrhaging "customers"

agdaddy04 said:

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Can't withdraw it for 60 days.

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Well I'll never be able to withdraw the first 3k i put into robinhood, so 60 days is a big improvement!

Oh okay. I've just never had to pay quarterly before.

Interesting about the long term and 1099-DIV. is that because most of the trades you're posting on here are in retirement accounts?

You can also use your day job withholding to meet your total tax burden as well.

gougler08 said:

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$30,000 Millionaire said:

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To say more, figure out what tax bracket you will be in and set aside that money. You'll want to be within 20% in the first 3 quarters - remember it's estimated. You'll want to get as close as you can for the 4Q payment for the entire year.

For those that are worried, the government penalties for under payment are not that bad and an argument can be made that you could more than make up the difference with conservative covered calls.

Personally, I try to be as close as possible to the tax law but give myself some breathing room in case I have a draw down. In most years, I'm more in the long term gain and 1099-DIV camp, and that's very predictable.

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So I've always just done my own taxes since fidelity provides all the paperwork and can automatically transfer in to TurboTax...certainly agree with keeping the money to the side but I don't know if it makes a difference lying quarterly vs. just at normal times?

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change your W-4 to withhold more payroll tax and see where the dust settles at the end of the year?

You can pay all your quarterlies in the 4th Quarter. You can just withhold more from your normal job.

No penalties as long as you are within 1k (I think) or what you owe total.

Philip J Fry said:

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NRD09 said:

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Thundergon said:

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tv1113 said:

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Already deleted Robinhood never using that garbage again

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I received an email from Robinhood yesterday stating they would match up to 5% (max of $150) of any deposit I made thru Feb 19th. I also noticed on Friday apparently they allow 0 DTE trades now. Interesting, that tells me they are trying everything they can to keep people from leaving.

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So if i put 3k in rh they'll give me $150? I hate robinhood but I'll do that

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Sounds like they are hemorrhaging "customers"

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Was never sure what their product was that they were making money on, which means the users were the product

$30,000 Millionaire said:

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You can also use your day job withholding to meet your total tax burden as well.

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Good point. Thanks.

I feel like back when i had a full time contractor gig (10 years ago) , the first year it was kosher to pay quarterly based on whatever your total burden was the previous year, then going forward you had to be more accurate. Am i misremembering?

$30,000 Millionaire said:

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You can also use your day job withholding to meet your total tax burden as well.

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Agree, I'm no tax expert by any means but I think you will be fine unless you are bringing in over $250 to $300K

ClutchCityAg said:

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Philip J Fry said:

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NRD09 said:

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Thundergon said:

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tv1113 said:

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Already deleted Robinhood never using that garbage again

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I received an email from Robinhood yesterday stating they would match up to 5% (max of $150) of any deposit I made thru Feb 19th. I also noticed on Friday apparently they allow 0 DTE trades now. Interesting, that tells me they are trying everything they can to keep people from leaving.

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So if i put 3k in rh they'll give me $150? I hate robinhood but I'll do that

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Sounds like they are hemorrhaging "customers"

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Was never sure what their product was that they were making money on, which means the users were the product

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People act like this is a big deal, but it's also true for probably 99% of all your non-work digital interactions. All social media, every Google search, alexa, possibly your nest thermostat, Amazon/prime are all collecting data to sell to somebody and/or use to market to you and people like you. Don't get me wrong, rh still sucks...

Edit: also fitbit, and rh is also not the only broker that sells order flow

This chart of $ON looks interesting to me. Would these be considered "goal posts"? Also looks like it hit the Model T this week?

Oh yeah, if you've seen the Social Dilemma documentary on Netflix it illustrates it pretty well that our attention is highly coveted and for sale to the highest bidder

ClutchCityAg said:

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Oh yeah, if you've seen the Social Dilemma documentary on Netflix it illustrates it pretty well that our attention is highly coveted and for sale to the highest bidder

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I haven't, will have to check it out, though it will surely not help with my paranoias. Oh and i wasn't stating the above because I'm cool with it, because I'm not. I just have come to accept the reality and try to stay cognitive of my digital presence/footprint. My hackles raise when i see/hear a nuro car