Recent content by fumablanc

I got $0.55, market is falling, I am sitting right.... I am not sure how different tomorrow's starting SPX will be from today's closing price. I checked CBOE site, but no mention of diff between SET and thursday's closing. As I type SPX is at 1299.03 Thanks fumablanc

Hi I am holding some Aug 1300/1305 bear call spreads. Now there is gap of 2.5 points between index and spread value.If I close that is the loss (minus the premium collected) I need to take. If I don't close, will the max loss be more than 2.5 points per spread? Depends on SET, right. I know I...

What all needs to be one to set up LLC is file one page document (LLC-1) with state. That doc includes details like LLC name, our address, registrar name and addres, LLC busines description, managed by one member/more than one member/ all members etc. It's as simple as that. I believe this can...

Hi Has anyone set up LLC for trading with funds from IRAs? At the end of the year if we distrubte profits to all members (that includes IRAs) will that attract Unrelated Taxable Business Income (UTBI) on profits made by IRA a/c. If we have no plans to take salary from LLC for managing the...

Hi I have ben following this good informative thread for a long time. I am thinking of setting up a LLC with my retirement a/c as a partner. Can anyone guide or help me how can we do this. How much this should cost? What precautions should be taken? Thanks in advance fumablanc