Dest's Everything Journal

[destriero]

"Your shop". Is it different than trading for FO?

Yeah, the FO is not my own.

 

[Doobs789]

TSLA up on stock offering. When it rains, it pours.

 

[destriero]

I don't own TSLA personally (long positioned in FO account), but the shares are going to rally tomorrow or Friday, to touch 238-240. I will start to build a long delta pos in the ticker tomorrow and Friday.

I don’t know about 350, but the shares are going to see 300 this year.

 

[Doobs789]

NQ can be offset against NDX in a PM account, so my plan is to short NDX puts against my NQ short. NQ futs to NDX options ratio to effect the synthetic straddle (short) is 5:2. Short five futures and short two NDX puts = one NDX synthetic straddle.

I'll get it done tomorrow.

Jesus, gain of 125 points on futures.

What duration you thinking? May17 7700 line?

 

[destriero]

What duration you thinking? May17 7700 line?

ha, yes, that is the strike.

 

[Doobs789]

Damn. Then I'll have to pick a different one. There will be no juice left for me once your order goes up

 

[destriero]

TSLA up 10 pre mkt. whoop!

 

[destriero]

NQ can be offset against NDX in a PM account, so my plan is to short NDX puts against my NQ short. NQ futs to NDX options ratio to effect the synthetic straddle (short) is 5:2. Short five futures and short two NDX puts = one NDX synthetic straddle.

I'll get it done tomorrow.

Jesus, gain of 125 points on futures.

Short the MAY22 7700P from 86.4.

I am now short the MAY22 7700 straddle from 335. The natural straddle is marked to 222. So I am up 115 NDX points on this NQ/NDX combo.

 

[smallfil]

He destriero,

What are the taxes like (%) in the IRA versus trading outside of the IRA ?

I don't pay taxes in the U.S. but I keep coming across more and more traders trading from within their IRA. Thus, there must be some sort'uv advantage for doing such.

wrbtrader

There is no tax on trading IRAs. That is the plus. You do get taxed at age 70 1/2 when you are required to take required minimum distributions or pay penalties! Uncle Sam wants his cut. However, if you take monies out, you get taxed on it! If you take monies out before you reach 59 1/2, there is a huge penalty on top of the tax. You are not able to take losses though on the flip side to offset the winners. Still, there is an advantage to it! I trade my IRAs.

 

[Doobs789]

Short the MAY22 7700P from 86.4.

I am now short the MAY22 7700 straddle from 335. The natural straddle is marked to 222. So I am up 115 NDX points on this NQ/NDX combo.

Yeah the May17 sucked at open. Saw your order cross my screen.