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  1. Chicagoguy

    Wiki Selling TSLA Options - Be the House

    What's the cost basis? How much premium did you get? Are you going to exercise early or wait for expiration? If expiration, then you may not even get assigned. I think if it is assigned, it's worth it to try for CC after
  2. Chicagoguy

    Wiki Selling TSLA Options - Be the House

    That's pretty amazing. Are you trading weeklies and doing only BPS or CC and/or BCS as well? How far OTM do you typically go?
  3. Chicagoguy

    21" Arachnid Wheels and Tires (Model S Refresh)

    I have a set of OEM Staggered 21" Arachnid wheels and Michelin Pilot Super Sport 4S Tires Includes: - 4 21" Arachnid Wheels - 4 Michelin Pilot Super Sport 4S Tires (see picture for 1 tire) - Black lug caps - center caps - Does NOT include TPMS The tires have 1000 miles on them and the...
  4. Chicagoguy

    Wiki Selling TSLA Options - Be the House

    My accountant told me 3-4%. I talked to my friend who does this and his 2021 return showed the interest was 3% and penalty was 0.5% and he made no estimated tax payments. I've always paid them in the past, but figured I can make more in the market or by buying TSLA at lower prices and...
  5. Chicagoguy

    Wiki Selling TSLA Options - Be the House

    this is correct, the capital losses will offset the capital gains in a future year. Capital losses will only offset up to $3k of ordinary income, as someone mentioned
  6. Chicagoguy

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    agreed, I look forward to reading every post from Gigapress and know it'll have some value when I see him post
  7. Chicagoguy

    21 inch Arachnid wheels - brand new in GTA/Toronto - For sale

    are these still available? how much are you selling them for?
  8. Chicagoguy

    2021 Model S Refresh 21" Tires for Sale

    don't think I can edit the original post, selling the tires for $600
  9. Chicagoguy

    Vendor Refresh Model S LR/Plaid : Winter Tire Option

    Yes to both, had them since the end of January and like them
  10. Chicagoguy

    Vendor Refresh Model S LR/Plaid : Winter Tire Option

    I got these tires from tire rack. I did have to change the rear to 295/35
  11. Chicagoguy

    Getting new arachnids powder coated and brakes painted

    Do you have any more pics of your car wheels and brake calipers? Have a black car and debating whether to do semi-gloss or satin black wheels with yellow or red calipers. Just to clarify, you had these painted or powder coated?
  12. Chicagoguy

    2021 Model S Refresh 21" Tires for Sale

    2021 Model S Refresh 21" Michelin Pilot Super Sport 4S Tires for Sale I switched my tires from the 21" Michelin Pilot Super Sport 4S tires OEM summer tires to all-season tires and have no use for these in Chicago. I only used these for about 4-5 weeks and they only had 1000 miles on them...
  13. Chicagoguy

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    Do form 4s need to be filed if Elon buys TSLA shares?
  14. Chicagoguy

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    To play devils advocate, he could have took the board seat on twitter and likely avoided getting banned. Initially, I thought this was his reason for buying twitter shares and joining the board.
  15. Chicagoguy

    Wiki Selling TSLA Options - Be the House

    how did you decide your entries for the 3 wins you had this week? What made you enter on those trades and skip other days in the week?
  16. Chicagoguy

    Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

    Not to derail this thread, but how do you see this view on ToS? What is this view called so I can Google it and find youtube videos on this?
  17. Chicagoguy

    Wiki Selling TSLA Options - Be the House

    I'm assuming you have a 6 figure plus tax bill and very few cards will give you the credit limit you need. I did this 10 years ago when I graduated dental school to temporarily reduce interest on student loans This site has a list of 0% offers. 12-21 months of 0% interest is possible, but the...
  18. Chicagoguy

    Phone holder mount DIY

    Does this work on the new model s refresh?
  19. Chicagoguy

    Wiki Selling TSLA Options - Be the House

    Not all money will stay out of the market. Even with macro concerns, I'm sure funds are moving to safer equities that have a better chance of profit. Tesla, apple, google, even energy.
  20. Chicagoguy

    Is it crazy to go with the 21" Arachnids in the Chicago area?

    I'll have to take a look at wheel options at discount tire. Love how the 21" arachnids look and would still like a nice looking wheel in 19".
  21. Chicagoguy

    Is it crazy to go with the 21" Arachnids in the Chicago area?

    It was my mistake not realizing how the performance tires on the MS would handle. I've lived in Vermont and Chicago my whole life and never had a problem with all-seasons on previous cars, but performance tires is another story. Would anyone think that using snow tires on the 21" wheels would...
  22. Chicagoguy

    Vendor Refresh Model S LR/Plaid : Winter Tire Option

    How are these tires holding up with some of the snow we've had recently? I got a 20201 Model S LR with 21" arachnids 3 weeks ago and looking to get either snow tires or all season tires in the Chicago area. Who did you have install them?
  23. Chicagoguy

    Is it crazy to go with the 21" Arachnids in the Chicago area?

    Any updates on winter tire options for 2021 Model S 21" Arachnids. I got my car 3 weeks ago and drove it in the snow today for the first time in Chicago and couldn't believe they were this bad. Any options that people have recently gone with? Any recommendations in the Chicago area?
  24. Chicagoguy

    Professional Trader Status

    1. Added back owner perks are the cells in yellow. Essentially, these are business expenses, but these would have been normal expenses that I would have if were just trading in a regular brokerage account. Business meals, medical expenses, car payment, computer/office supplies would normally...
  25. Chicagoguy

    Professional Trader Status

    So the interest rate for the loan is based on the Applicable Federal Rate (AFR) that the IRS puts you each month. It's based on the number of years the loan is. It looks like the "short-term loan" is 3 years or less and the current rate is 0.44%. The picture attached summarizes the rates...
  26. Chicagoguy

    Professional Trader Status

    I think working out the numbers in excel is a good idea to see what the savings are. For BornToFly with 8 figure gains, it'll be very different than someone having a few hundred thousand in gains and wants to save $40-60k in deductions. This is a rough excel sheet I made to see different...
  27. Chicagoguy

    Professional Trader Status

    Corey mentioned the Corp needs to be engaged in "active" business. Holding money in the c corp to buy properties or art, like you mentioned, doesn't seem to work. I still need to find out what interest rate is reasonable to charge to the partnership.
  28. Chicagoguy

    Professional Trader Status

    I did sign up for Anderson Advisors trader package for $5k and will create the LLC and C corp. Have my on boarding today, I'll keep you guys updated, for those that are interested. I have 2 dental offices which have most deductions already run through, so I'll see where the savings ends up...
  29. Chicagoguy

    Professional Trader Status

    Which account has the shares/cash in it when doing this? Corey said that the Wyoming LLC will have the trading funds and then I’d move enough funds into the C-corp to maximize deductions. Are you instead transferring all of your funds in the C-corp and leaving it all there? If so, I need to...
  30. Chicagoguy

    Professional Trader Status

    I spoke with Corey from Anderson Advisors this week and it doesn’t seem there will be a huge savings doing the Wyoming LLC and C-corp for me. Corey mentioned that most of his clients that do this option save $25-40k/year by using business tax deductions (retirement accounts, medical...
  31. Chicagoguy

    Professional Trader Status

    google "salt workaround oregon". I see a number of articles that show up. Orgeon did pass the law, so you can do the deduction if you have a partnership or S-corp. My CPA confirmed this will work and that numerous states are allowing this, so if you don't have another business, than creating...
  32. Chicagoguy

    Professional Trader Status

    Yeah, if you're in one of the states that passed this and have a business, this will work. The states don't lose tax dollars, just the federal govt does. This will be used for 2021 using my dental office
  33. Chicagoguy

    Professional Trader Status

    Can you share your referral?
  34. Chicagoguy

    Professional Trader Status

    Did you use a specific CPA to discuss things and assist you in setting up your C-corp? My wife and I are already in the 37% bracket and the money we make selling options getting taxed at 37% + 3.8% seems like it makes sense to do the C-corp based on what you describe. We don’t need the money...
  35. Chicagoguy

    Wiki Selling TSLA Options - Be the House

    What is the margin allowance between the 2 using portfolio margin? Do you use one vs the other for anything in particular? I use TD/ToS and like ToS overall, but have thought about switching or trying out IBKR
  36. Chicagoguy

    Vinyl Wrap and Tint - Chicago

    Getting delivery on my model S early next year. How's everyone's experience been with the vinyl wrap holding up? Would you still recommend the same spots listed for getting the work done in the Chicago area?
  37. Chicagoguy

    Wiki Selling TSLA Options - Be the House

    I forgot to mention this part. This is another reason that I decided to pull the trigger on the Tesla. I read about other people’s experience with the reinforcement when they drive the car. I want that and to be able to see how FSD is evolving. I told my wife that if I reached a certain...
  38. Chicagoguy

    Wiki Selling TSLA Options - Be the House

    Off topic, but I just put in a reservation for my first Tesla. I told myself that I’d wait to buy a Tesla and rather just buy more stocks, but honestly, the amount of information regarding selling spreads and ICs from this thread led me to gains that I wouldn’t have been able to get without you...
  39. Chicagoguy

    Wiki Selling TSLA Options - Be the House

    thanks for the non advice I definitely don't prefer these longer DTE CCs. When the SP was skyrocketed and we had no idea about Elon selling and every analyst was increasing their price targets and we all expect great Q4 results, I didn't want to take the chance at the time. Also, I was...
  40. Chicagoguy

    Wiki Selling TSLA Options - Be the House

    I have the following LCCs I had rolled up and out a couple weeks ago, when we were running up high and they were underwater and was wondering what non advice people have. They have a decent amount of profit and even though I could wait it out and let them decay more, I'm not sure how fast the...
  41. Chicagoguy

    Wiki Selling TSLA Options - Be the House

    I have 11/19, 65 -p900/+p830 and 38 -c1400/+c1500. The IC is up 25k at 57%, but with the Elon still selling this week, I don’t have enough confidence that 900 isn’t out of the question this week. I’m debating either closing the spread or rolling it out to the following week. I’m thinking to...