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I am relatively new to crude oil options. I am considering shorting a September 80 call for a premium of 2.40 ($2,400). This option expires August 17th but as oil moves higher and higher, I am curious to know what will happen to my option should it expire with September CL trading above $80...

TM, this looks like a very good trade. Too bad I didn't see this thread until after the markets closed. But I will look into it in the morning and hope to sell a bunch of $1 puts at around the same price as you did. Very low and defined risk as far as I am concerned. And I do agree that it...

I am a master advisor using IB's Friends & Family account. I have been trading a few accounts belonging to family without taking a share of their profits. Now two friends would also like me to manage their funds. I would like to change each account to give me 20% of all gains. I know I can...

Yes, I am fully aware that setting up a trading entity will cause me to pay additional taxes that I am not paying now. And yes, having a certain amount of verifiable income thru a job is helpful in obtaining other things such as cheaper health insurance and a mortgage. With all that said...

Bob111, I wish it was that simple! Because of the tightening of credit, many lenders have told me that if I had applied nine months ago for a mortgage, it would have been a slam dunk. But now everyone is tight about it and us traders are taking it on the chin because we can not prove a...

My accountant has it right. When I asked him about being incorporated, he said that as a trader there really is no legal need to do so. For the past two years, he has put me as unemployed and filed all of my trading profits as cap gains and like the previous person wrote, there are no other...

This question is addressed to all the traders out there that are not incorporated in any way. Do you folks run into problems getting a mortgage or buying health isurance and other products because technically you are considered "unemployed" if you report all of your trading income as capital...

This is a very good thread that addresses a major problem that traders have. After reading all of the replies and doing some research on my own, I have come to the conclusion that maybe I should do both. 1) I should continuing reporting a majority of my trading income as capital gains...