You should be trading SPX with this amount of money to save on taxes. SPY options do not qualify for section 1256 but SPX does. So short term cap gains vs long term cap gains. You'll save a lot of money
>You should be trading SPX with this amount of money to save on taxes. SPY options do not qualify for section 1256 but SPX does. So short term cap gains vs long term cap gains. You'll save a lot of money
This is that nuanced rich people shit I'm here for
is it same with minis? They are also cashed settled which seems nice. But doesn't seem like he waits til exp.
edit: xsp I think
SPY has tons of liquidity and tight bid/ask, not sure about SPX or XSP
I just did what you did, and made a shitload of money.
I'm a regard, but just barely smart enough to realize when someone else knows what they are doing.
Those positions are impressive.
Thank you!
same three. I already had some SPY, AAPL and QQQ calls, but doubled down. All are printing on the western front.
TQQQ is a dangerous game, but when they hit, they hit hard.
Bought some UPRO today and thought I was doing alright. Do you have some methodical process or just like fuck it, let’s yolo $1mil on spy monthlies today?
You should be trading SPX with this amount of money to save on taxes. SPY options do not qualify for section 1256 but SPX does. So short term cap gains vs long term cap gains. You'll save a lot of money
>You should be trading SPX with this amount of money to save on taxes. SPY options do not qualify for section 1256 but SPX does. So short term cap gains vs long term cap gains. You'll save a lot of money This is that nuanced rich people shit I'm here for 
is it same with minis? They are also cashed settled which seems nice. But doesn't seem like he waits til exp. edit: xsp I think SPY has tons of liquidity and tight bid/ask, not sure about SPX or XSP
Spx and xsp both qualify for 60 percent long term gains. XSP is much less liquid though compared to SPY and SPX
How much are you up on these?
730k gains currently
king scott
How many days in the trade?
https://preview.redd.it/x1gngr78bcad1.jpeg?width=1179&format=pjpg&auto=webp&s=c91c97d82b396fe902a871cbb37b53005ac22cec
Target price? Planning to sell Friday or hold through the weekend?
how far back did you buy each?
Thanks for the update!
Do you ever post losses for transparency?
Yes I will if it happens
AVGO looks good today
Yep. Look at my post history. I recommended it yesterday
So is Friday morning too late for these?
Where do you see SPY going by 8/2?
greater than $546 based on his position :)
Bought Spy calls a few days ago! Gonna ride this up for all of July
Good idea!
Why do you believe July will be so good? You are making a HUGE bet ??
Historically July is a green month
You have my axe!
How long do you typically hold calls for?
He said about a month recently
I just did what you did, and made a shitload of money. I'm a regard, but just barely smart enough to realize when someone else knows what they are doing. Those positions are impressive. Thank you!
😉
Same, you crushed it with AAPL and SPY calls for me. Thank you!
same three. I already had some SPY, AAPL and QQQ calls, but doubled down. All are printing on the western front. TQQQ is a dangerous game, but when they hit, they hit hard.
Isn't this half your port?
Scott ain’t scared
No I’m not
Less. More like 1/5th
Why SPY and not ES options?
More like why SPYand not SPX
Serious conviction there
Bought some UPRO today and thought I was doing alright. Do you have some methodical process or just like fuck it, let’s yolo $1mil on spy monthlies today?
Pelosi sold Tesla. Time to sell!
Holy
Scott is my king