Much as I like SPY/large ETFs in general, the call prices right now are just crap. 4.37 for 30d/30D @624.5? That's only ~0.7% for a month worth of risk, and almost no downside protection. Given any set of reasonable entry rules - and having one explicitly and clearly defined is critical - that would be a NO. Given current vol, I'd rather do double calendars and wait for a pop.
I manage risk by position size not price. If the stock never recovers it's a tax loss. Like I said, win win.
I try to tell people this...They look at me like I'm a blithering idiot!! It's like they have never seen a IRS 1040 in their life...
LOL how can any loss be a win?? Sure you can write off your losses against your gains but in the end you are a loser. Probably better than holding on to dead capital but you're still a loser. Someday if you ever you start making serious money you'll realize the difference that taxes make.
"Who cares about that stupid money, anyway? The learning experience of losing your ass again and again and again, and having to look for desperate excuses is the most precious thing possible!" Yeah sure OK.
and what’s the dumbest? Getting dividends and taking capital losses. You can’t even write them off eachother.
Every time your stop loss gets triggered. You're a loser lol. You guys are so dense. High yield dividends have paid off my GT4 already...but I keep putting $ back in instead of paying out the car lol.
There are no capital losses if you're receiving dividends. ? I don't care if my capital drops to 80% if I'm getting dividends. You guys are so capital obsessed probably cuz you've never had any. Capital is losing if it's not earning.... So even if you add up all of your capital gains, it's probably still a loss relative to what you could have made in dividends.
Whatever. My point is you pay taxes on the divs and can’t write off the losses. what does your car collection hold?