Recent content by fgopc1

Whoops, I meant buy not sell. That is the market makers won't buy a deep in the money call option with a positive extrinsic value. If you sell one with a negative extrinsic, they'll just immediately exercise it.

Well, even its own pre-IPO investors are supposedly trying to constructively sell it via shorting.

Ah makes sense. Looking at the threads looks like either: Broker won't allow the trade (more likely) The market makers will not sell the options at a price at or above intrinsic value. Meaning, you either can't buy them or you get insta-assigned if you do.

Lyft options are currently under heavy put-call parity violation, with Oct '18 ATM puts being nearly double the cost of calls. My understanding at the high level is that this is caused by hard to borrow fees on shorting. Meaning you can't trivially arbitrage this by going short lyft, short ATM...

To close this out, my thoughts align with elt894: Gainskeeper explicitly states they cannot handle this, though I see a whitepaper suggesting their institutional product can. I contacted Tradelog; they can't handle straddles. Tradelog even notes that you can't even import 6781 part 1 info into...

Schwab. What do you mean by "supports" options? TurboTax can definitely report gains/losses on them after import (albeit some bugs around exercising them); what it can't do (and traderslog's extensive documentation doesn't cover this making me assume it can't) is generate a form 6781 from the...

Not following how tradelog solves my issues. I already have my forms prepared; the issue is importing into my main tax software. Specifically, Tradelogtalks about using form 8453 to paper attach 8949 to an efiled return (sane enough), but that doesn't work for form 6781 (8453 doesn't support...

I've used TurboTax much in the past, but it's limitations are catching up to me: There's no way to batch import form 6781 transaction lists. E.g. I have an Excel file describing all of my identified straddles (entries for 6781 part 2), but there's no way to input this in without typing each in...

I have highly appreciated put options I'd like to gift to my child to minimize capital gains taxes. [1] Unfortunately, I haven't found brokers (checked both Vanguard and Schwab) that allow UTMA accounts to hold unprotected puts [1]; therefore, they'll reject inbound transfers. [2] Anyone know...

Well, you can take no risk.. Just have to accept no return. E.g. long stock, long atm put, short atm call. :)

Whoops, missed that detail. Ya, put is not a LEAP, so will have a short term holding period at expiry. Clearly in a situation where exercise is superior to selling separately (time value is almost nil at this point).. but the donation rules appear unclear.

I'm not even sure if there's a strategy behind this.. it's much too complicated with the different expiry. No, worse case is stock flat until long options expire and then moves rapidly in either direction. Unlimited losses in fact are possible if it surges upward.