Sorry PM, you lost me on step two. I never actually gave a strike, just said the underlying was at 50. Do you use the strike of the put, or the...
yo brah, you crack me up. stock has a delta of 1. u have 1000 shares so that's 1000 long deltas. the jan 20 calls have a 79 delta. u sold ten...
Let's say underlying is $50 and a put with ten days to expiration is selling for $1. Do you annualize based on calendar or trading days (2%*~36 or...
i think he thinks since he sold ten calls with a 70 delta, that the remaining difference (300) is long. you're just short 700 deltas, brah.
You're right. I apologize. Context was subpar. It's really late...
I'm a CPA....I already know all this What I want to know is......who here went trader/MTM and are you happy with your decision? Any regrets?...
I'm referring to being a trader for taxation purposes and making the mark-to-market election.
No one? Not even sle, atticus?
Curious as to broker and platform.
What do they use?
I am a CPA. Also a trader, so I do this stuff for myself. PM me if you need help.
Is anyone here a trader and using MTM? Are you happy with your decision?
you cannot totally avoid SE, but you can minimize it using a SMLLC with an S election, or an S-corporation. also, if you elect MTM through your...
The long leg will not exercise unless it's ITM or you instruct it to. Sometimes you may want to buy back a credit spread gone well so you can...
Thanks for all the responses. What should be read first - Hull or Sinclair?
Right now I'm trying to do this for a living (independently). I've been live for seven months. Anything that will help me with that and keep me on...
I'm closing in on finishing Natenberg for the second time, which is the highest level book I've read. I understand about 90-95% of it, so I...
I shouldn't judge, since he's a legend and I am just a neophyte, but perhaps you are right. I'm not sure Larry has evolved to stay ahead of...
I signed up for a free one-week trial to his daily newsletters. I enjoyed reading them, but quickly realized that if I'm looking for trade ideas,...
How do I get good at Excel? Specifically tailored to the modeling for options? I always "got by" on Excel over the years even though my profession...
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