What is everyone using to track transactions for tax purposes?
I use Excel, but find that entering hundreds of transactions is a tedious process.
Some transactions are capital gains. Others are deemed to be income, etc…
For active trading there has to be a better way.
How about you? Have you found a way that works and saves time?
FYI
JP Morgan co-president warns of ‘deep correction’ for stocks totaling as much as 40% over next few years.
https://ca.finance.yahoo.com/news/jp-morgan-co-president-warns-130800662.html
I guess we are going to have a bull market for a few years… 🙂
I am curious if there is a version of #SPXcampaign that does not require watching the monitor all day long?
I reviewed all posts on this site for #SPXcampaign going back to 2016 and noticed that Jeff has to do a lot of rolls and must stay on top of the action.
Going far out and down, does reduce the need to watch SPX every day, but it also produces small results.
Someone recommended going with a fewer contracts, but $50 to $100 wide, because it would be easier to manage a spread this wide.
In 2015 I was actively trading SPX spreads $20 wide and got wiped out in August.
Just trying to find something more consistent and less demanding. 🙂
Edit: I have a regular margin account, no portfolio margin.
Any suggestions?
#shortputs
A quick question.
I have puts on MCD ITM – Mar 16 $155 originally sold for 0.83
Is it a good time to roll out, or out and down?
Thanks.
Here we go again with the selling. Who can offer the lowest price?
How low do we go…. 🙂
#SVXY
For those who got assigned SVXY at adjusted cost below $50, have you considered a trade like this?
-Sell the stock at market price
-Sell leap puts Jan 2020 at your adjusted cost strike, for example 50Put for $36.50
-Use the proceeds to buy 5 Jan 2020 leap calls at 15 for $6.00ea=$30
The rest of cash will go back into your account.
Since we already lost the money, selling this put would not create more loss.
If I understand this correctly, the B/E would occur when SVXY reaches about $26 at expiration or less if before expiration.
Main risk is that SVXY does not reach $26 by Jan 2020
Would something like this work?
hcgdavis,
back on January 26, 2018 you mentioned a repair trade on SWKS using a put based #fuzzy. Could you please post the trade and the repair? I am trying to learn how this works. May save my bacon some day.
Thank you. Mike
#fallingknife
OLED Jun 90/250 Strangle 3.00
SPX
Did we have any news that caused the SPX to drop?
#UVXY
I noticed that calls on UVXY still have high premium. The highest point was $30 and APR $31 calls are about $2.00. Is there a trade here or am I missing something?
#Fuzzy . Has anyone looked at Ford for a fuzzy?
F Jan 2020
STO 9.87 PUT
BTO 4.87 PUT
BTO 9.87 CALL
Or if you BTO 11.87 CALL you can do the trade or a credit.
Is there a trade here, or am I too optimistic?
UVXY
It would have been a nice trade to buy UVXY puts yesterday.
Or even a put spread. UVXY is down $4.80
I have a quick question about rolling naked puts.
Many traders recommend rolling a put as soon as it gets ATM or slightly ITM. Especially, if it is close to expiration date. Would the same rolling recommendation apply to a put that has 1-2 months to expiration and gets ATM or ITM?
For example, I have UPS Mar 16 $110 put. The stock is at $109.28.
In a normal market, I would probably wait for a while, but in this market, it is easy to get deep ITM.
Rolling out and down would be simple right now.
What is your opinion on this?
Thanks.
Does anyone know why the market goes in the opposite direction as soon as I put a trade on?
Is that a curse? 🙂
Options Bistro 