Try a collar. Sell a higher priced call to finance the cost of the put. Often, you can do it for no cost if you go out a number of months. This...
There's never been a war between two mature democracies. (Mature defined as - a peaceful change in power when a party loses an election) Theory...
Trading is brutal, and it seems like everyone rejoices on ET when anyone loses big. Keep that in mind. "Get right back out there kid" is not the...
Ok I'll answer directly, your quote is above this. On reading what you said - you said someone has to pay social security on gains through an...
First of all, that's not true. An LLC is a legal entity, but profits and losses get passed right through, and you pay taxes on them as if there...
I haven't used their service, but their book is gold. Tax Guide For Traders, I can't imagine trying to be a trader in the IRS' eyes without having...
Amen. Start with something, anything. Hell, I'd say start with Google Spreadsheets, all the GoogleFinance functions that is. You can trick some...
That's probably the #1 nugget of wisdom so far. It's the same when you startup any business that is asking for tens of thousands of dollars based...
What GermanTrader said. Here's the line of thinking... The IRS says that person or entity doing the trading must have trading as their...
Here's two: Some scholarly stuff from the President's Press Corp (more recent stuff toward the bottom):...
It's the press. They do have a huge influence on how things are quoted, what gets quoted and the context it is provided in. Many surveys show 80%+...
I got the book recently - it is what you need. It goes into what is deductible and what isn't, and like anything having to do with the IRSit has...
Not exactly... quoted delta is the change in premium for a one point move in the underlying, not a 1% move. You can do a simple ratio to get an...
Whoever wrote it is just getting a little fancy with his math. Short answer to your yes/no question is "yes." 1.37 = 1/.73 reward/risk =...
I'm not sure copying the raw files will work... I would test it first. It used to work with outlook and outlook express but Outlook 2003 has some...
That's good advice.. think I'll take it shortly. My question was sincere though - wish you had a better answer than that, seriously. Atticus -...
Hate letting this get off on a tangent but... I'm here to learn also. I thought gamma and theta are inversely related like that - positive...
Ok I don't want to interfere in this discussion, just trying to prevent misconceptions. There's nothing wrong with negative gamma. Especially...
??? Short puts give you long deltas. Short gamma, yes, but gammas are not why you'll lose money on a down move in this example.
optioncoach I'd differ with you on OTM vs ITM and sensitivity to movement of the underlying - If you are talking absolute change then yes, ITM is...
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