Recent content by Nickko344

Honestly , I look at the 1256 tax form and I am not sure what goes where

You would think that living in Chicago it would be easy to find a good trading tax guy , but the minute you say options you get the deer in headlights look lol

Any one know of a good CPA in the Chicagoland area ? I trade primarily SPX options. Also, is Robert Green tax specialist worth the money?

I am.

Is buying the ETF GLD for gold any good? What are the pros and cons?

Join Capital Discussions. Great bunch of traders

Taking a small portion of your portfolio buying put protection is never a bad idea

"Tradelosses" I'm beginning to question you. Nothing but negative comments, and the ones that aren't ..make you sound like you have no clue about trading.

True , but not a good hedge. Especially not a good portfolio hedge

Puts are expensive AFTER the event has happened. When buying puts , you have to buy them as "protection" or "insurance " before the "black swan" to be really effective . Selling calls is a Negative Vega trade ...again , great if the Vol popped and is coming back down...but if you sell then it...

SPX broken wing with put protection Sorry about the glare lol

tradelosses...what do you trade? you talk talk talk...but what do you trade?

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