For tax purposes, I have to. In Canada, CRA goes by Date of Settlement. In the US, the IRS goes by Trade-Date instead. Even when my short options expire out the money, I still have to log original settlement of the premium when I first put on the trade. --- As for today, I got a fill early after market-open at $12.40 I have now finished unwinding all my BTCC.B long CALLs. Last trade closed at a 48x-Bagger. This caused quite a noticeable jump in my excess-liquidity. I may set-up some new miner trades soon. Will go over the paper-work tonight...
Got some more short-put fills during today's selling. I'm now sitting on over 100K in the cash account, and waiting like Buffett is with his cash position.
You consider short put fills as a cash position? Technically its not because price could drop below your strike so not equal to cash position where you would just buy at market.
I'm just going by statistics compared to other post halvening rallies. At some point there will be an un-realized gains tax placed on Crypto, its already happening in Denmark. BREAKING: Denmark becomes the first country in the world to tax unrealized capital gains on crypto, starting January 1, 2026. The tax on unrealized capital gains is 42%. This will affect not only crypto acquired from that date but also crypto obtained as far back as the genesis block of Bitcoin in January 2009.Oct 23, 2024 This should be the only topic of conversation right now...not the price of bitcoin. It doesn't matter if bitcoin goes to 1M...I doubt any retail are going to be along for the ride. THIS is why bitcoin is not worth hodling and I moved everything over to ETF's long ago. (btw we have had spot bitcoin etf's (BTCC.B) in Canada since Feb18 2021)