gmg733
788 posts
msg #143338
- Ignore gmg733 |
4/25/2018 8:30:18 AM
BarTune
The IV on each is about the same. I usually, and I do mean usually, do not trade USO options purely because I have to go to the ATM to get enough premium for me to make the trade with my while.
Besides that, /CL tax liability is 25% on futures where short term capital gains is much more. So I trade a lot of futures out of tax efficiency. But I also prefer doing strangles instead of straddles (like I'd have to do in USO).
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gmg733
788 posts
msg #143339
- Ignore gmg733 |
4/25/2018 8:34:40 AM
I will say if you have over $25k in an account you should get futures permissions. Why not. If you don't use it then who cares. It is another tool in the tool box. And you get better tax treatment than equities. Also, ask for all options permissions. Again, why not? Just another tool you might need.
Say you are long xyz and it goes down. You can get out or you can start selling calls against that position to bring your cost basis down. Options allows you to manage trades. A loser doesn't have to be a loser forever.
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BarTune1
441 posts
msg #143340
- Ignore BarTune1 |
4/25/2018 10:56:24 AM
Thanks GMG,
I'm in Canada and there is no differential in tax treatment between the two. My current broker doesn't offer futures so I'd have to get another account.
I used to trade a lot of options but not as much now ... and when I do ... I'm usually a premium seller.
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johnpaulca
12,036 posts
msg #143341
- Ignore johnpaulca |
4/25/2018 11:16:56 AM
SPY...looks a retest to 2640, before the wheel falls off tomorrow(Thurs)
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gmg733
788 posts
msg #143342
- Ignore gmg733 |
4/25/2018 12:25:58 PM
High IV - premium seller
Low IV - premium buyer with a preferable theta component, ex. calendar spreads
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BarTune1
441 posts
msg #143343
- Ignore BarTune1 |
4/25/2018 12:32:33 PM
JP, You are predicting a bad day tomorrow?
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johnpaulca
12,036 posts
msg #143345
- Ignore johnpaulca |
4/25/2018 12:49:04 PM
BarTune1
422 posts
msg #143343
- Ignore BarTune1 4/25/2018 12:32:33 PM
JP, You are predicting a bad day tomorrow?
******************************************************************
I'm betting on it, will have to wait and see what happens to FB earnings in AH
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gmg733
788 posts
msg #143348
- Ignore gmg733 |
4/25/2018 4:11:31 PM
4/11/2018 3:50:40 PM
Short /PA @ 956.55
We'll see if she'll hunt. Pulled back into 200DMA and resistance. If it close the other way I'll be out.
----------------------------
I ended up adding another short lot to this position and just closed it for a profit. If you want details, I'll go did them up.
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johnpaulca
12,036 posts
msg #143352
- Ignore johnpaulca |
4/26/2018 9:25:27 AM
FB.....$172.84 was my target. Auction today at 1pm look for money ushered into bonds.
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BarTune1
441 posts
msg #143353
- Ignore BarTune1 |
4/26/2018 10:40:39 AM
hey greg,
this HD trade is going a little offside ... are you taking any action?
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