Hi, I have recently seen a good article about naked selling put options. I am based in Belgium and I would like to know if there is any European broker where I can do this. Or if it is not possible to do it, can I open an account in an US broker? Will I pay taxes both in US and Belgium? Thanks, Joaquim
1) Interactive Brokers 2) Tax will be paid in Belgium, if you complete the W8-BEN forms which IB will send you. you're welcome
yes, but slightly more expensive if you are an active trader. also don't think you invented the wheel by selling naked puts, quite a few people went bankrupt just doing that ...
Sell credit spreads as the margin is a lot less. Have enough capital and portfolio margin to take delivery and then sell covered call/put if it goes wrong.