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1) I think in IB there is no "liquidate first" option, at least that was my conclusion the last time I looked into it. 2) SIPC covers up to $250k cash ($500k cash+securities) per account per brokerage. So a person could have an individual account and an entity account (and perhaps a joint...

Hahahaha, too much math and gaming, not enough English study.... methinks you don't know what pretentious means. So you're starting an options "association" now, but you've got weeks, likely months, of game developing and marketing ahead of you? And if you're pulling in only $5k/month, then...

That's a lotta balls in the air!! I don't think I could handle so many positions!

Not turning this thread into a journal, but I thought I'd post an update: Once in a lifetime month, no doubt not repeatable, but I'm up over 50% ytd, vol was my friend. I hope you all have had success too.

It's a bullish debit call vertical, nothing much to say. However, I take issue with your name/handle. ;-)

Those 2 days I suggested you look at were even more "unexpected" than the last few days....VIX didn't even stay flat, it went UP. Even more speculative call buying then.

Go look at VIX during 3/24 & 3/25....

Just curious, why do you have only 2 Likes?

I said no such thing.

Dude, are you an effing millennial? Doesn't anybody effing read anymore? ------------ OP asks about an income tax deduction. @schizo correctly states (1) no income tax deduction, and (2) it's a gift tax issue (and understandably doesn't spend time giving details). You replied with a very...

Sorry, dude, that's not quite complete. The $11.58M is a lifetime exemption. The annual exclusion is $15K. And none of this has to do with income taxation. Legally the OP is required to file a Gift Tax return for this year for any amount he gifts to any one person above the annual exclusion...

TTS doesn't require an entity. And as one doesn't "elect" TTS, if one qualifies, then all trades during the appropriate time period (for you, likely the entire year (assuming no breaks in activity)). Re-read the article another poster linked to. And spend the $50 for Green's downloadable...

Ah, fair enough. In that case, I suggest watching this webinar at the very least: https://greentradertax.com/events/how-to-structure-a-trading-business-for-significant-tax-savings/

This trader-focused company does webinars with IB and other brokers, and has stuff on their site too: https://www.greentradertax.com/ There are deadlines, etc. No matter who they are, for $7k they'd better be blowing you every week in addition to doing the initial paperwork.

Can you show that time in a screenshot, approx noon US Central Time? (It's off to the left of the screenshots you posted.) IB shows the halt on NQ (TOS omits the 15 minutes). And then NQ does NOT halt when it reaches it's own 7% limit because it's limit was changed to 13% after that first...

Yes, VWAP in the last 30 sec of reg trading hrs. In that thread you mentioned: Did the overnight limit change? I copied yesterday's limits, pasted here for ease of reading: So, what @TickSeeker noticed with NQ, also happened with ES (but I won't post any screenshots). I don't really...

Again, thanks for the warning. And lest anyone think I'm bending the truth, here's a shot from just now: Hmm, that looks kinda crazy, being up 7% in a day, but that's in addition to the 9% base, and with this crazy up/down I wouldn't be surprised if today's pnl swings several % (spx'd have to...

Thank you, gentlemen, I appreciate the caution. I'm up about 9% ytd on my main account. I almost exclusively trade index options, and of that nearly all spx. On occasion I've traded es futures options, and I look at es when spx isn't trading (mainly after regular hours). Just because I...

Yes, ES, YM, NQ, RTY, probably many others. From my new favorite page:

Wow, following the links, ending up here: https://www.cmegroup.com/trading/price-limits.html#equityIndex this is what I come up with: Who knew there were so many dense tables of normally irrelevant information? :-)