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My father taught me to trade options when I was a teenager, in the mid 1980s. He taught me to think of a naked put as having unlimited risk. This is not mathematically accurate, and my dad certainly understood this. (He was a member of the Chicago Board Options Exchange.) But I can see why...

Selling a naked put is technically not an unlimited risk/unlimited reward. The most you can lose is the strike price, if the stock were to go to zero. The most you can make is the premium you collected when you sold the put. Most brokers allow you to sell naked puts as long as you have...

I don't think there is a complete explanation that will make sense. Many people believe that the system is broken, because a major portion of real estate tax in the USA is used to fund local schools. The result is that wealthier areas with more expensive homes have better schools than areas with...

Not sure I can really agree with this... the money to pay property tax comes out of your pocket, or from your wages, or from rental income collected on the property itself. It does not reduce the value of the property. Historically, in most parts of the USA, during most periods of history, real...

https://www.theatlantic.com/business/archive/2016/08/the-feudal-history-of-property-tax-in-america/497099/

I have posted a reply to @Aquarians in the Chit Chat forum: https://www.elitetrader.com/et/threads/real-estate-tax-in-the-usa.356190/

I have moved this discussion from the Options forum. In an abstract, theoretical sense, you are sort of renting your own property--from the government. Real estate tax in the USA has its origins in the feudal system of English common law. Nine hundred years ago, all property legally belonged...

You are getting it right... Real estate taxes in the USA are probably higher than many European countries. But US income tax is much lower than most European countries. And in very general terms, this has been the case for decades--long before tax breaks that were implemented during Trump's...

Based on everything I have heard over the last few months, I wouldn't touch IBKR with a ten-foot pole

aaaaaaa Hahahaha Welcome to the post-Brexit, post-Gamestop, pandemic world. You gotta be vetted by nine different agencies to make sure you're not a terrorist or drug dealer. Just kidding. I have no idea why it's taking so long. Unless maybe... IBKR is a large multinational corporation that...

@syswizard What exactly is GED? Are you talking about that exam you passed a couple years after you dropped outta high school?

Ummm... Dude... what are you babbling about? In the USA, GED does not even appear to be a valid stock symbol. BMK

Okay, guess I could have tried to look him up. I made the inference that he did not hold a FINRA license after reading his testimony, because I thought that if he did hold a license, that he would have mentioned it, because that seems pretty relevant LOL BMK

https://en.wikipedia.org/wiki/ludacris

He talks a good game. It will be interesting to see how this plays out, and whether he answers any questions at the hearing before the House committee. I'll bet that statement was written, or at least vetted, by a team of very highly paid securities lawyers. BMK

CFA is not a license. It is not issued by a government agency. It is a credential issued by a nonprofit organization. It can be revoked by the organization if the person is found to have violated their code of ethics. But it is not a license. A transcript of part of Roaring Kitty's testimony...

According to the article, "Kalshi wants to bring in users who are similarly trying to mitigate losses from a potential future event by betting the thing they don't want to happen actually will" I do that every month when I pay the premium on my term life insurance. And my car insurance. And...

The claims advanced in the lawsuit are interesting, and he may in fact be in quite a bit of trouble. As many others have already pointed out, he appears to have held an active securities license when he began posting. But he's not going "directly to jail" as a consequence of any civil lawsuit. BMK

Why would you want to take physical delivery of silver? What are you planning to do with it? BMK

There are three different things you have to do in your 1120S: Form 3115 Attach a statement making the mark-to-market election under Section 475(f) Attach a statement containing all of your trades, i.e., a spreadsheet converted to a PDF or a paper attachment If any one of these cannot be done...