Search results

there are a million things a rich non-US person can do to reduce and defer their tax burden. US based entities and persons can’t do them.

i didn’t know he ever invested in Tesla. Do you have a link for that. Why he sold the airlines was pretty genius in my opinion. First his selling would by definition mark the bottom because he was likely the largest shareholder in multiple companies and he dumped them all within a day. Second...

you can find 10 delta calls, 30 DTE at 2percent premium?

you can spread it with an option that has value and then close that option. You can’t sell an option for zero (which is pretty stupid I think)

Close your unrealized losses and take a 30 day hiatus.

The condor wings are the hedge.

the only muppet I would trust is @MrMuppet

It’s an easy question to answer you buy a stock and sell a call. What would your pnl have been if you didn’t sell the call? Surely you do this analysis to see if selling the call makes sense.

in 8 years, it's likely the earnings of the SPX will be higher than they are today. It's unclear what the multiple will be. The multiple will be a function of interest rates which will affect gold, bonds, and bitcoin.

I'm not sure what your anecdote has to do with anything. When stocks go down, your calls do little in the form of protection. In hindsight of 20+ years (a longer career than most investors), are you better off or worse off by overwriting the calls vs just owning those stocks in totality?

i get that office real estate is out of vogue but.... this thing pays a 7% div which will likely not change in the near term and has a book value of 150MM (BV of real estate - Senior secured debt) and a market cap of 80MM.

Spx is the only asset that will earn. You will receive a div higher than treasuries. And you can count on earnings to be higher. PE multiple might be lower but then all the other asset classes will be substantially lower as well as everything is moving towards being a risk asset.

The Goldman Sachs and SEC mafia must have strong armed @Baron into banning him before his FairPut obsoleted Black Scholes and their billion dollar fraud scheme. Tell me @Baron, what do they have on you to silence such a noble warrior of truth?

On those stocks you overwrite on, would you have done better if you just owned them instead of capping your upside? I can’t imagine you did better on apple. Frankly all the money you left on the table with apple probably offset all the premium You got on the other stocks.

has it outperformed a buy and hold on the stocks (on an after tax basis)?

+1. Covered calls aren’t income. They are a type of capital gains with as much risk as being outright long stocks.

Reg T is a proxy for risk based financing. A box spread does nothing to reduce that. if you special memorandum account is negative then likely you are being called because your equity value is too low or they have raised the margin on some products that you own.

I doubt Biden can do much on my taxes for 2024. His political clout is pretty weak and it looks like his tax focus is on estate and the Uber wealthy

if he sells today he pays taxes on April 2022. If he sells on 1/2/23 he pays the same taxes on April 2024. That’s an extra year of float he gets on the taxes owed. Further it provides some gains in 2023 to offset losses in 2023 if he has a losing year.

assuming your thesis is intact I would close them in 2022 to push the gain off a year. That extra year could be worth another 3-5percent of profit.