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[INST]
Short term capital gains (assets held < 1 year) are taxed as regular income— a max of 37% for the highest earners. Long term capital gains (assets held > 1 year) are taxed at a special rate based on your income, capped at 20%. Short term capital losses can be used to offset short term capital gains, so if you make $100 in STCG and lose $100 in STCL, you don’t pay tax on the $100 gains since your net is zero. Same concept applies for LTCG and LTCL.
[/INST]
Actualllyyyyy..... So **short**\-**term losses** are first deducted against **short**\-**term gains**, and **long**\-**term losses** are deducted against **long**\-**term gains**. Net **losses** of either type **can** then be deducted against the other kind of **gain**. |
[INST]
Care to elaborate?
[/INST]
The joke about waiting three days to buy calls |
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Holy fuck. SA still exists!?!?!?!?!?
This is the best news I’ve heard all night.
[/INST]
> SA
something awful? |
[INST]
Yeah but it’s a bit different. Than buying a company to get a job.
In a law firm that you buy into there are profits to be shared. In a random company you take over there maybe nothing to get.
[/INST]
Ah, I see what you mean, thanks! |
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you know they reported earnings last week yeah?
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Whoops. A few days behind a bunch of dollars short. |
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It's like what happens when you accidentally hold your options past expiry when they somehow stay ITM.
[/INST]
> options [...] stay ITM
We’ve all read about this in theory but had anyone actually seen it happen? Didn’t think so. |
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Bloomberg should understand the tax benefits of legalizing. Including hemp textiles. Our country would be a GOLD MINE. Talk about growing economy.
[/INST]
Yes, but unfortunately it doesn’t seem like that’s the case at all. Some people just prefer their arbitrary views to logic. |
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Hate people who don’t swallow
[/INST]
It's literally rejecting a part of someone who loves you |
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''Cramer'' stopped reading.
[/INST]
But he may have have the ear of POTUS |
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Isnt this widely known? Feel like i saw it on tv yesterday
[/INST]
By now yes, when I posted not really. |
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When the rug gets pulled like 6 days from now at 2:55:05 I'm gonna be like 'Well anyone could have seen that coming. Should have bought puts'.
[/INST]
People have been saying this to me for the last 2 months. And I keep pulling the $ I make on calls off the table |
[INST]
How do you fuck up Apple calls lol
[/INST]
You're right, it's back up from premarket $279.25
Literally cannot go tits up |
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What makes you think it's going up? I guess earnings are near there.
[/INST]
Cancer drug just approved too. |
[INST]
I just woke up and have no idea what’s going on. Wouldn’t this be good news? Why would it send the stock down 30%? Because it was only 11/60?
[/INST]
Yea a company can say it’s good news all it wants (aka lie) truth is it’s not and I’ve heard they’ve done this in the past too. I said fuck it it and cut my losses. Could’ve sold higher, but right now I could’ve also sold lower. |
[INST]
Trace previous stock path with funny nothing lines
Make the line shoot to wherever I want it and pretend my previous tracing is DD.
????
Profit
[/INST]
I thought DD stood for dumb diagram? |
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Whose*
(Who's = who is)
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NERD |
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It's literally rejecting a part of someone who loves you
[/INST]
Gotta price it in |
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what are you talking about? I don't know much about trading, but I do watch Linus tech tips on YT and AMD is killing it. So invest now
[/INST]
AMD also got the console market. Next gen Xbox and PlayStation continues to use AMD APU. |
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Actualllyyyyy..... So **short**\-**term losses** are first deducted against **short**\-**term gains**, and **long**\-**term losses** are deducted against **long**\-**term gains**. Net **losses** of either type **can** then be deducted against the other kind of **gain**.
[/INST]
This guy accounts |
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... repo market is priced in
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Which I truly cannot fathom!
The market is so ungodly irrational at the moment it’s scary. |
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PTI
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Isn't the stock in freefall right now |
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I mean if the government is willing to bail out Automotive and banks, they would save Boeing without a second thought. Can't let those dirty euro Airbuses take over.
[/INST]
Exactly |
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Im planning to do that when I get green. But that takes like a year to do 100% if you’re lucky. I want 1000% at open.
[/INST]
I've gotten 100% after 2 months..
I mean I got greedy and lost half of it afterwards but I also had it |
[INST]
$BYND shorts are up $53 million in mark-to-market profits (+7%), but paid -$438 million in stock borrow financing costs (-59%), So net P\L was a loss of -$384 million (-52%). $BYND's stock borrow expense turned a trading winner into a net-of-financing loser.
This is from Ihor over at S3.
Does that worry you at all relating to $PTON?
[/INST]
No, problem with his nonsense is that the financing cost is not accurate. For example his readings show 40% interest on PTON while I’ve been paying 5-10% . He simply doesn’t have the proper day to day accuracy of these rates.
For example E*TRADE was reading 40% yesterday and I only paid 10% |
[INST]
WOW!!! No wonder he can 'retire' in his late 40s!!
[/INST]
He owned 3.5 million shares at one point too. He obviously sold some along the way but lets pretend he hadn't sold any up until now... 3.5m shares x $135/share = $472.5 million. Shit I would retire too with that amount of money |
[INST]
I’m looking at $BRK.B 300 calls in 2022 while I’m knitting. The FDs have my balls hurting. As I say this I’m planning on doubling my $HD FD position when the market opens.
[/INST]
I see HD is trading well this morning. What made you double your position? |
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i cut my losses and decided DIS, WW and BYND were making moves and i had plenty of fun there.
[/INST]
Stupid love then |
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This was back in June or something
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Gotcha |
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No! Hahaha
[/INST]
Well that, was a good decision. |
[INST]
Pretty sure short term gains are still exempt from capital gains tax within a TFSA.
[/INST]
well I wish we had one of these in the US, such a crime that gambling winnings are taxed! |
[INST]
Unless their product never goes to market lmao
[/INST]
Yep..
But the CEO is hot |
[INST]
Major Gods: Theta, Gamma
Minor Gods: vamma, delta, vega
[/INST]
Holiday- $TSLA Earnings day. Religious symbol- rope. |
[INST]
You’re still down from your assignment you stupid fuck 🤣
[/INST]
Yes but I bought calls I almost am
Breaking even now |
[INST]
I honestly thought I should have done a farther out date than 12/27 when I opened it yesterday, but I made the mistake of opening it too early yesterday and not far out enough. Had I been in at 320 as opposed to 325 short strike, I think I could have weathered it. But hang in there, I think the ugliest is behind us. It just shook me out of the position by the massive volatility this morning.
[/INST]
Yeah, would be better to look around 30-45sh DTE if not playing some YOLO earning plays to dampen the price volatility (gamma) and let the theta income smooth the numbers. Did you buy to close your self or margin call(would not be possible with defined risk), what was your theoretical max loss (how big was your position) ? |
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Yeah I came back to post (my position is linked above). Already up 60% on my Dec27/19 Puts. gonna let this thing ride.
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Ya I took a look after your comment and ended up with $30 Jan 3 puts. |
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Lmao he's not a socialist you dumbass. I should have known better I guess.
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'i literally just want to give people free (tax) money!' sounds super capitalist dumbass. He is not a libertarian or a capitalist despite what his brainwashed followers parrot. He is a statist POS and you are a bootlicker, go buy some weed stocks |
[INST]
Sa sa
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Ke sa, bretnas? |
[INST]
Go ahead. Remember to post your result here. Your service will be remembered.
[/INST]
If we get movement in either direction today i’ll unwind one of my SPY positions and try and get a fill on NKE. |
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Which I truly cannot fathom!
The market is so ungodly irrational at the moment it’s scary.
[/INST]
The market priced in ur inability to fathom that the repo market has been priced in |
[INST]
Sound advice, guess I'm just an autist in training with a curiosity in 'advanced gambling'
[/INST]
Fuck yeah man. Theres occasionally helpful info here to guide that money burning a hole in your pocket, but do some reading.
AMD calls baybeeeeeee |
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Wow, look at us. Who woulda thought. Glad we locked profit lmao
[/INST]
Lmao fuck that lizzard |
[INST]
how is it boring? its constantly trending higher
[/INST]
Nah holding a straddle is boring. Till the ER hits its just flat. .2% movement just makes the calls go up and the puts go down in semi-equal amounts |
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How are you determining which long options to purchase?
[/INST]
So minus that one “yolo-ish” play (40 * $1.68 * 100 = $6720) being anywhere from 25-50% of your account total if you subtract out that amount and some presumed profit you had. What’s your PnL like without the BMY option trade? |
[INST]
Yeah this. You don't get to play the theta game unless you already have big monies.
[/INST]
Nah man, you can if you have few thousands, its just a % game. |
[INST]
Posted a loss
[/INST]
Congrats you got a tax writeoff |
[INST]
I bet you have no idea how Facebook makes money either by providing a free service. Roku's platform revenue has already exceeded their hardware revenue.
[/INST]
I guess that's why they (roku) make so much revenue and profit /s |
[INST]
Step 1: buy low
Step 2: sell high
[/INST]
nice try, my nigerian prince |
[INST]
Post pics of lost porn
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can't remember the last time I lost porn? |
[INST]
it's already priced in
[/INST]
are short Mormons also priced in? |
[INST]
Ah yes, the most delicious scheme of them all
[/INST]
Yum yum |
[INST]
Lol I can share my loss porn if it makes you feel better. I had a few small put hedges but nothing big like 1-2k, small compared to the amount I had in my long positions and ultimately not enough to salvage the poor data scenario at all
I had mostly shares (60k worth in shares) FYI
[/INST]
Honestly just joking man, that was great DD. Regardless of the outcome, thanks for that. |
[INST]
that's only like 10% in 30 days. Not that crazy
[/INST]
That's what I'm saying. A pre-ER run up for a stock that is historically very volatile and has bean hammered for 6 months. It's not that insane. |
[INST]
How much vol?
[/INST]
IVR 30+ |
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What’s worth it to you? Curious.
[/INST]
Implied volatility rank and volume. |
[INST]
Small account guy here ($1500) - got a taste of the juice on a quick FD on a $PCG swing a week ago (with a very small commitment), but indeed, have hesitated doing anything but purchasing some YOLO OTM options for fear of putting 'real money' in play, and it's getting me nowhere. Do I really just need to pony up?
[/INST]
I'm stuck buying .10-.25 calls. I'll be big balling when I can throw down $100 to 200 on a call |
[INST]
For those too lazy to check, it has an open interest of 33,727 contracts which makes it by far the biggest strike being traded (second biggest is 18342 @ strike price 35
[/INST]
Why is there such a gap |
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Why am I seeing this now 😓
[/INST]
plenty of money on the shoe train brother. hop on.
under 37.5 is still basically a 10% gain when this gets to the 40s. |
[INST]
It’s not zero hedge that said it
[/INST]
Yes they did. Check their Twitter. The CNBC article about it also sited their Tweets. Also, all of these people are relying on anonymous sources from AAPL suppliers who've been known to be incorrect and flat out lie.
All y'all downvoting bitches need to check your info. This is why you lose money. |
[INST]
I had a good paying job which allowed me to WFH 3-4 days a week. I hated it.
[/INST]
You hate everything. |
[INST]
I just did actually, it’s the not the main body of the church, just their investment firm “Ensign”
[/INST]
Where’d the investment firm get $100b huh? It didn’t just appear. |
[INST]
I know right?? I lose money on SPY Every. Single. Time.
[/INST]
Sounds like you need to buy longer dates calls? Spy keeps going up over time. |
[INST]
Everyone who’s reading this, it’s probably too late.
[/INST]
As in they will go up or they won't make the money. I'm new to this so I'm not sure but to me this seems like it has a decent chance to pay out well. I'm not reading that incorrect, right? Obviously nothing is guaranteed tho |
[INST]
Is there a tax rate for those returns?
[/INST]
you write off the percentage of your losses that is your income tax percentage, so if 20% income tax and your loss is $250, you write off $50. check with an accountant for exactly how to do this because us normies end up fucking it up |
[INST]
baby girl, we let the gays have the spaces by the windows to chase off homophobes and for our 'fire island 2' cover. the real party is downstairs Eyes Wide Shut style.
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More like 'Guy's Wide Butts' am I right? |
[INST]
Bold of you to assume any of us have a life or career 🥴
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i always think the best of you guys. |
[INST]
you realize ACB is a canadian company
[/INST]
For sure. I'm hoping for an overflow of sorts across the whole industry. Sell the news? |
[INST]
They are all closed out. I scalp in and out
[/INST]
Yeah, show the history of plays |
[INST]
man its like game changer.
this is why people in the 50s and 60s got obsessed with fiber and colonics. there's something there, prolly because now we discovered the connection between the gut and the brain, so if the gut is stressed it messed up the ol' gray matter.
[/INST]
Dude it’s real. I had a stomach issue for like 8 months and I’d never been more miserable. I’d be emotional and way lower tolerance for bs during that stretch. I felt like an entire different person because it bothered me practically daily |
[INST]
No.
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Post positions |
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porque no los dos al mismo tiempo?
[/INST]
l'un ne peut pas commencer tandis que l'autre continue |
[INST]
So inverse?
Always puts.
[/INST]
But we're on WSB so reverse inverse.
Always calls baby. |
[INST]
Sounds pretty nice, do you know if they'll be bringing this to Schwab anytime soon?
[/INST]
Chances are, they rename the program and don't mess with it at all beyond working on a way to log into Schwab accounts through the software. |
[INST]
Holiday- $TSLA Earnings day. Religious symbol- rope.
[/INST]
Patron saint AMD Sue |
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Taste this dick
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I prefer your dad's. |
[INST]
To and too are also two different things.
[/INST]
That 5% he lost probably didn't matter too much then. |
[INST]
sell something way out of money then and slowly make money.
[/INST]
like that OptionSellers dude? seems like a great plan, I'll sell out of the money calls on natural gas |
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To bad we’re gonna jack it and turn it into a ring station
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Legitimate salvage. |
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Sorry 🤪
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No you're not |
[INST]
Honestly just joking man, that was great DD. Regardless of the outcome, thanks for that.
[/INST]
I like the DD to. Can’t win em all. Luckily I had mostly shares I will just sit on now |
[INST]
I see HD is trading well this morning. What made you double your position?
[/INST]
I didn’t. I’m on night shift and didn’t get up for market open. But I’m holding 10 217.5 calls. They’re up $1200 today. |
[INST]
Question:
Why are you so retarded?
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Another question: how many times did your mother drop you on the head? |
[INST]
You'll be asking the exact same question soon, for quite a while
[/INST]
How long you been wanting to ask that question? |
[INST]
F, hope it works out but your probably to fucked from theta
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Thank you |
[INST]
Given that you can have a house there for about 10k, no. No they don't.
[/INST]
Where. Link? |
[INST]
It could be, but there’s nothing out there yet with regards to a buyout. They also have a legal case about a generic drug, I believe. And, yeah, I’ll be holding my January calls and stocks, but I don’t have much faith in a catalyst to change this trend any time soon.
[/INST]
Screw it I bought more. Let's see some of the confirmation bias. |
[INST]
Ok dad!
But your totally right about not sitting on my LeVi hold.
Now I’m holding box $250k worth...
[/INST]
Don't listen to them man, if you down in a blaze of debt and fat losses and least the story will be glorious... or you end up stupid rich |
[INST]
I remember when I thought Yahoo, AOL and Myspace could never be replaced
[/INST]
Yahoo finance is dope. Dunno if it's good for anything else but I check option chains there its quick and easy to see the shit you want.
AOL is still around. Myspace is too, not sure why. |
[INST]
IVR 30+
[/INST]
Dope! |
[INST]
Is that how everyone got stretch marks on their cheeks around here?
[/INST]
Why is it that you rip people’s’ pants and examine their ass? |
[INST]
Gotta stop loss that shit😂🤣
[/INST]
I tried, lawyer said 'Your autism wont help you win this case' |
[INST]
Grandpa stock
[/INST]
Might buy half a Boeing share if it hits 300 |
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does it smell good?
[/INST]
It smells like the ocean. |
[INST]
stocktwits
[/INST]
ST is fucking eye cancer |
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ya man i guessed wrong. congrats!
[/INST]
Thanks man but nothing to be excited about until I realize the gain. Learned it the hard way on AMRN this week! |
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Welcome home retard
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Hell yeah, I love this place. |
[INST]
Yeah, it makes them happy, so I don’t think it’s my place to shake up their faith. Not for me tho!
[/INST]
I somewhat disagree. Look at it this way: I was raised mormon. I went to BYU and before I went on my mission, I found out a lot about the LDS org that I didn't know before. They have a saying of teaching 'milk before meat'. They had hidden it from me and nobody wanted to 'shake up my faith' my whole life. I wish more people would have brought it up before because I would have known I'm in a cult. |
[INST]
Sold the 152.5p/170c. Free money.
[/INST]
you might be in slight danger |
[INST]
I hope you’re right. More than half my account is in SPY calls right now.
[/INST]
Same here got 60 contracts of SPY 217 and 219 Calls 12/27 and not feeling good...was up 11% on 20 contract for the 217 yesterday and wanted wait to see if we stay in the 320s today..but seams like its having turtles and snails ride... |
[INST]
Have you gotten vertified yet? It took me 8 months for a mod to vertify me.
[/INST]
How do you convince them |
[INST]
frees up more capital so i can sell MU calls for earnings.
hopefully i can buy back for 0.01 i sold a spread
[/INST]
yeah I think ill sell $55c or $56 and if i get assign say bye-bye to these shares and be done with MU for awhile.
or will I!? |
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