I bought Calls in financial options! COME LOOK!

Quote from klurby:

It seems that most people are afraid to post what trades or strategies they do, or better yet to even do a trade. So I am just sharing my useless trading ideas with everyone!
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How much money do you have to run through?
 
Quote from klurby:

haji what methods do you use in which you don't pay taxes? must be illegal.
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I was sarcastic. When you lost in your first trade, it seemed that you were happy because you could use it to tax write off. was using the same methodology when you made money.
 
Quote from klurby:

I sold my VIX puts to close, and I took a loss. I will write these losses off on my taxes, which is a positive. Reason I had to close these VIX puts was because I purchased the wrong strike and expiration month. Anyways, I bought some August 20' 11 Calls in a financial option. I expect these Calls to rally once they announce the increase of the debt ceiling. I bought these calls toward the bottom of a downward movement. I am confident that I can pull some decent gains from these calls.
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Everyone is virtually certain that the U.S. will not default, whatever mechanism is used to prevent it is rather immaterial. No default should be priced into the market already. Of course there can be a temporary gut reaction when this or that announcement comes out, but it should be short lived. If there were to be an actual default, that would move the market! But it seems a very low probability.
 
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