Dest's Everything Journal

Discussion in 'Journals' started by destriero, May 1, 2019.

  1. mukoh

    mukoh

    IRA has no taxes it is tax deferred retirement account until you are of retirement age which might be 99 by the time we all get there.
     
    #11     May 1, 2019
    TheBigShort likes this.
  2. NQurious

    NQurious

    Get a fill ... wtf! I couldn't even figure out how to place that order lol
     
    #12     May 1, 2019
    vanzandt likes this.
  3. mukoh

    mukoh

    Dest isn't traditional IRA penalty on your original deposit of your taxable income + penalty on earned capital?
     
    #13     May 1, 2019
    destriero likes this.
  4. destriero

    destriero

    I am only an expert at tax avoidance. My tax attorney states that he feels I'll net at the long-term rate.
     
    #14     May 1, 2019
  5. mukoh

    mukoh

    Hehehehe. Good call. Mine too.
     
    #15     May 1, 2019
  6. Dest, why the journal?

    How about posting your rationale for your trades?
     
    #16     May 1, 2019
  7. Doobs789

    Doobs789

    Traditional IRA has early withdrawal penalty prior to 59.5 (unless you put the money back within 60 days). Taxable portion is based on amount withdrawn. After age 70.5, you must begin to req min distribution (RMD) each year (=life expectancy factor / closing balance on Dec31), you must also pay 20% withholding tax on that amount.
     
    #17     May 1, 2019
  8. If I am understanding your IC position correctly, you are buying 1120 GOOG Puts, Selling 1160 Puts, Selling 1200 Calls, and Buying 1240 Calls.

    The above trade seems expensive from a IV received vs IV paid standpoint, as your long put is 32.8% bid, your short put is 23.6% offered, your short call is 21.2% offered, and your long call is 35.3% bid.
     
    #18     May 1, 2019
  9. Doobs789

    Doobs789

    It's not a skew trade. With an IC, you are almost always buying higher vol than selling. I figure he just wants to have some atm curvature exposure, as he is short delta in Nq, and has residual position in TSLA upside. It's a nice way to balance out a book of index/sn positions.
     
    #19     May 1, 2019
  10. destriero

    destriero

    I am not going to offer color beyond structure (microstructure). I am not here to tutor anyone. Take the fills, don't take the fills, or ignore the thread.
     
    #20     May 1, 2019
    NQurious likes this.