Recent content by Joi

As options on ETF's are treated the same as options on equities, you multiply the number of contracts x the contract multiplier x the price of the underlying. So, 1000 SPY calls would be 1000 x 100 x ~$210.85 = $21,085,000.

Darwin, SPY is not an index and the calls you bought are not index options as described in Dave's response to his broker or in the SEC 13-H FAQ. SPY is the SPDR S&P 500 ETF Trust that tracks the S&P500. To purchase calls on the S&P index, you'd need to buy calls on SPX.

But it's implementation has taken a little bit of time, for example: SECURITIES AND EXCHANGE COMMISSION (Release No. 34-70150) August 8, 2013 Order Temporarily Exempting Certain Broker-Dealers and Certain Transactions from the Recordkeeping and Reporting Requirements of Rule 13h-1 under the...

On July 26, 2011, the Securities and Exchange Commission (“SEC”) adopted Rule 13h-1 under the Securities Exchange Act of 1934 to require large trader registration, reporting and monitoring. The SEC stated that the large trader reporting regime will assist in identifying and obtaining certain...

RMORSE, you are correct. Yet, very few traders are even aware of the large trader designation and I doubt many have self-reported without first being notified by their broker. Perhaps, I should have said, "if you have been notified, you need to file. If you haven't been notified, you still...

Yes, you need to file. It's an archaic process to go through (screen print, no signature page, etc) but it is required if you've been notified.

from https://greentradertax.com/tax-treatment-for-forex-and-deposit-losses-after-snbs-surprise-policy-change Tax treatment for forex and deposit losses after SNB’s surprise policy change January 17, 2015 | By: Robert A. Green, CPA Webinar Monday, Jan 26, 2015 at 4:15 pm EST - Learn More If you...

Hope this webinar helps some of you...Jan 26, 2015 at 4:15 pm EST for 1 hour Tax treatment for forex and deposit losses after SNB's surprise policy change 26 JAN With forex, you can have your tax cake and eat it too with ordinary losses or lower 60/40 taxes on gains. Jan 26, 2015 at 4:15 pm...