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You are trying to draw an equivalence that doesn’t exist legally. Sure, it was a business to you. But the rules are pretty clear. Either an accountant can help you work out a plan with the IRS or you have to tighten your belt. But the argument that you were running a business and the IRS...

Why would you do it? My experience has been the spread is wider in the options markets than the cash markets for the equivalent delta.

If they do start to pay divs you will lose on the leaps. You don’t want to pay the time value. You don’t want to pay the higher bid/offer.

You may view your actions as a business but the irs does not. You took a shot to make millions and it didn’t work out. Cut your expenses. Lots of people survive in Austin on 70k.

Hahaha... says the guy who makes 135k/year and can't scrape together 3,000.

A deep value guy whose keeping up with a tech led rally is impressive

The modern equivalent of bud fox on a motorcycle

Realpolitik

I think your issue is a lot cleaner than you wish it were. You didn't elect trader status and you lost money. The rules are pretty clear and you should have known them. You should be calling Robert Green and asking if he can help you negotiate a settlement with the irs.

What makes bynd worth 4bn? Aren’t there other meatless meat companies out there? A few months ago I went to a hippie persons house. They started a soy based meatless company in the 80s and sold it for tens of millions. (They are still hippies but in a multi-million dollar home).

You hedge for two reasons: minimize risk you cannot exit (for liquidity for example) or isolate risks you don’t want (buying Spx puts to hedge a long only portfolio).

Look it up on your brokers website or on the exchange that trades them website.

Like your pro boys?

A Democrat will likely support more gun legislation, not support family separation at the Mexican border, not support voter id laws that prevent homeless from voting, not support a Muslim ban, and support higher estate taxes for the wealthy. Why would you ever vote for a democrat when you...

Icahn is not a monkey. He has access to information and he has the ability to change the course of a company.

@destriero, what are you doing with your 59MM?

Interesting he’s short. He was a massive trump bull and 30percent later his now a bear?

Investment bankers Private equity managers Management consultants Some specialities of lawyers They all go through this. When I graduated college i thought about all these careers and had the benefit of speaking to veterans in those careers (family friends). Each person told me to choose one of...

Aren’t you supporting this by buying season tickets? What happened to the boycott?

This is necessarily a difficult to find. If you do, you don't tell others about it.