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how is this superior to just being long calls?

we all need less than 10mm to live. :) making money is a sport. Some of us have the privilege of being at the top of maslov’s heirarchy and can work towards self actualization.

oh. I remember this chat now. I think it’s poor risk management to think of a trade as “house’s” money unless your performance is auto-correlated. How would a robot think of it? you should always have a view otherwise what rational (again, like a robot) reason would you have a position? I...

You aren’t holding the 990 put at zero cost. You are holding it at the current market value. If you close it, you bank that much pnl. It’s not a free put. Do you have the view tsla will fall? I personally don’t and I cut most of my position (which was synthetically short) on Tuesday.

Why are you loathe to buy spy stock? selling puts will earn less unless you take 2x the risk.

I’m sure he knew what he was doing. Foreign income is a biggie with the IRS. in 2013 they started cracking down on it hard.

interesting. Then how is a dividend considered qualified? I thought it was only qualified to the holder of the security. edit: I’ve never seen someone get so worked up over 50 dollars who before was such a big client of a Swiss private bank that he could talk with the CEO.

Ah. If he was pitching those stocks then, shame on him because there was no fundamental justification for the valuations.

?? There are people on this board who know who I am or know my story - including tonyf. if you have such vitriol towards bankers, great for you. I doubt your story is real but I don’t care either way.

I don’t understand the point of your post

you should call IB and find out what happend. I would be curious to know as would others I’m sure. I doubt what they’ve done is illegal so there’s something else.

this is not only cherry picked, it assumes he held these stocks through “today” whatever day that is. Are the dates days or years? He’s been pitching stocks to the public for almost 20 years.

My understanding is that a cash account is not in street name. a margin account is and the firm can lend the stock out (largely to shortsellers) regardless if you have a margin debit. If they do, you do not get the dividend but rather a payment in leiu. The only economic different is the tax...

yup. A margin account means your shares are held in IBKR’s name, not yours.

I spoke to one last week who specifically talked about structures to corcumcent inheritance laws in Indonesia - which I’m sure are of great concern to you and your vast fortune.

again, I would ignore all the advice on here. None of us are in the same boat are you (either geographically or financially).

I don’t think it’s a loophole but I don’t know a lot about it. but I know that as a US citizen I pay 24percent or 40percent tax on dividends depending on the treatment. I would love to pay 15percent that is likely credited towards any other taxes you would owe on that income. for the notional...

Because he has to lie to cover up his involvement and will get found out. No perjury if you don’t lie.

or domiciling in a tax jurisdiction that doesn’t do withholding.

no worries. I know he has publicly regretted not investing in google and Amazon.