OEX weekly options

FV ihave no idea how and when he does the adjustments as none have been done since I have been folowing him. Once you are signed up you can email him, he is good at getting back to people.
Love to hear what you find out.
Michael
the month went well
4% for my choices
6% for the MCTO selections I was able to put on
 
Income taxes on Spread Trading

Section 1256 60/40 rule

60% of gains can be taxed at long term capital gains of 15%
40% of the gains are taxed as standard income

RS Tax form 6701

Got this from Brad's web page.
 
Yes, that was one of the interesting things I learned also. Dont know about Canada, however. I have a feeling they would tax it as income if you are an actve trder on an ongoing basis. Michael
 
Michael

Well this is the start of option month as last Friday was expiration Friday.

I´ve cleaned up my TOS account and restarted everything. Cancelled all the open trades and got $100,000 balance in the paper money pot again.
Just did my first intra-monthly trade a straight buying and made +$164 net ( 2 days ) ( 8.5% return on investment ) I used $1920.

What I have is four trading sheets for FOUR METHODS. One of those methods has to be proven out yet, will do this week. Each sheet will have a paper money account of $5000. So the earnings will be a lot less than the money I was making using $25,000 for credit spreads.

The idea is to compare the accounts and four trading methods and see how they compare to each other. With a $5000 starting balance for each, probably want to start off with the best earner, when I move to cash. Two of the methods are viable right now. One may be, but would like to try it a bit longer. The fourth is justs going to go through a month's trial. Hopefully by January I can start off with real money.

I´ve pretty much get it worked out, now for the practical test part for this month. I´m trading two different weekly trades and two different monthly type trades.

I'm looking forward to getting Brad's recommendations for his type of trade. I have to re-read some of it again. Selecting the trade is a bit iffy in my mind at the moment.
 
Falconview, think or swim will let you have multiple accounts on one log in. You could presumable have 4 (I have 2 myslef), that way it is all on the screen just as you do it with real money and none of that paper to get blown away in the next hurricane!
Michael
 
Thats nice to know. Thankyou.

Is the market going up or down Wednesday? Now there is the question. To be or not to be. The chicken or the egg!

Early Wednesday morning as I look at the screen.
 
Michael

Amazingly the Wolfe Wave predicted the market down, on open this Friday. I haven´t received any trade suggestions from Brad yet, have you?
 
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