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I have 2x165 and 5x170 for 2/3. The extrinsic is about .50 and just over 1.00 respective. I am thinking mine need to roll tonight now.I’ve got 3Feb CC to monitor and roll (3x$125 and 10x$160). After monitoring SP and CC values closely the past week, and seeing not a huge difference in roll credit/debit from ”watch and see”, I may wait until Friday to execute in case the SP settles after FOMC today. Might cost a little bit if SP continues up, but it still seems possible the $160s could expire.
Sorry, know nothing about taxation since I do everything in a Roth.I have 2x165 and 5x170 for 2/3. The extrinsic is about .50 and just over 1.00 respective. I am thinking mine need to roll tonight now.
EDIT: QUESTION - If I roll to a strike 2/10 in the money today, does that "tag" the shares as short term when called away? Example, roll 2/3 -c170 to 2/10 -c180 while the price is $182.45...
Nice timing! Have to admit I saw your post, noticed it was higher and did a copycat at 1.73.Sold 210CC for next week @1.50.
Will roll higher should we reach 200 quickly.
Happy with this position as it’s 10 dollar higher than this week for a decent premium.
so far it's played out as planned. TSLA can now be seen with a super noticeable bearish divergence on the daily timeframe. All the ingredients for that correction are here.
Sorry but I thought you were calling for a double top at 181? Now that we broke through that resistance aren’t we looking at 196-197 as next major resistance. 184/185 seems like there is some resistance but by the looks of it we will gap up tomorrow.so far it's played out as planned. TSLA can now be seen with a super noticeable bearish divergence on the daily timeframe. All the ingredients for that correction are here.
184$ in after hours and a lot of people betting for it ending Friday above 200$…so far it's played out as planned. TSLA can now be seen with a super noticeable bearish divergence on the daily timeframe. All the ingredients for that correction are here.
Wouldn't the lack of deductions for losses be offset by not having to pay taxes on my gains, if the calls I sold are exercised? The plan is to be conservative and not let any calls be exercised, but if that happens I can just immediately turn around and buy shares again without any tax considerations.Another way to think about it is your gains will be taxed and penalized but you will get no deductions for your losses. So you’ll have to do a lot better than break-even to actually make any money.
Wouldn't the lack of deductions for losses be offset by not having to pay taxes on my gains, if the calls I sold are exercised? The plan is to be conservative and not let any calls be exercised, but if that happens I can just immediately turn around and buy shares again without any tax considerations.
Yes, you can withdraw the principle without any taxes or penalties, but any early withdrawals of gains are taxed at income tax rates and have a 10% penalty.Be sure and research this carefully - from what I've read about ROTH accounts, early withdrawals can generate both the 10% penalty IN ADDITION to turning that withdrawal into a taxable event. I could easily be wrong about that - thus the due diligence.
What if you have 600% gains on your shares? Wouldn't that significantly change this dynamic?In a taxable account, the loss would offset the gain and you would owe $0 tax or penalty. With the Roth you’re down $4k and can’t even subtract that from your income as a capital loss.
What if you have 600% gains on your shares? Wouldn't that significantly change this dynamic?
I was looking at it when it was 1.68, but waited a bit too long.Nice timing! Have to admit I saw your post, noticed it was higher and did a copycat at 1.73.
Thanks!
Hi @dl003 what indicator are you using to identify the bearish divergence? I don't see it on the MACD, but I do see some divergence on the Stoch RSIso far it's played out as planned. TSLA can now be seen with a super noticeable bearish divergence on the daily timeframe. All the ingredients for that correction are here.
Ooh, young Grasshopper....16% and 20% off the weekly low. Those are safe.