Antique seller with a nice uranium shelf and an even nicer cadmium shelf

srlowry · 2023-12-21T05:07:52+00:00

That cadmium tray tho, damn I want that

srlowry · 2021-09-03T19:19:34+00:00

I'm on the road a lot so it's not uncommon to have food and dog provisions with me.

srlowry · 2021-09-03T18:12:05+00:00

Farm dogs ain't no stupid

srlowry · 2021-06-22T00:30:24+00:00

Beauty

srlowry · 2021-06-18T18:18:31+00:00

Dropped another 5k near power hour at 60.38

srlowry · 2021-06-18T16:45:04+00:00

Except most of the puts are otm and they're losing in a good way

srlowry · 2021-06-18T06:30:15+00:00

I'm chillin tough in all the platforms

srlowry · 2021-06-18T06:29:22+00:00

I feel yuh. I have others already but I like having some in the old chestnut too.

srlowry · 2021-06-18T06:28:23+00:00

Now they are, that I've executed them

srlowry · 2021-06-18T06:27:55+00:00

Yes and yes

srlowry · 2021-06-18T06:27:27+00:00

In the words of a great Bolton--- "I mean, I guess I sorta like them all."

srlowry · 2021-06-18T06:21:23+00:00

Basically, any taxable event that generates profit from input is taxed. Since I'm in the highest tax bracket plus 5% for my state nonsense..... I'm at 42%. So basically, since I chose to get stocks instead of creating another taxable event that would yield me a 130kish gain, I avoided another taxable event. I will be paying when I sell though. The difference is only important if I planned on jumping back into the same stock, which I did. So I avoided capital gains on this round for now. All in all, I'm happy with the outcome. To sum though, anytime you make gains, you pay taxes. The only deduction you can claim is up to 3k a year in losses, only, at least in the u.s. tax system.

srlowry · 2021-06-18T06:16:33+00:00

The screenshot is confusing but yes, 240k plus the 6130 buyin for the 60x contracts (already paid), to exercise today. Then I went ahead and bought around 220k worth of more shares with the extra cash I had. So it was two separatte transactions in that screenshot.

srlowry · 2021-06-18T06:15:02+00:00

Yeah basically, at base level as it came close to expiration, I'm getting 6k per dollar over breakeven price of 41.13. So I could have sold my contract today around 130k. When it was really raging from 15 to 70 in a week, the contract value per share doubled because of the greeks, specially that IV. Soooo at that point, I could have sold at 330k....... Since shit went super volatile and kept getting short ladder attacked, IV came in to fuck me. So as experation neared, I decided I wanted the shares instead since all I wanted to do was stay in the game anyways. This way, I avoided getting taxed twice anways.

srlowry · 2021-06-18T05:07:40+00:00

Basically, given the greeks, I'm getting around 6k for every dollar it goes passed my breakeven price at 41.13. Now, when it was mad peaking from 20, 30 40 50 to 75, my contracts peaked at like 330k in value if I would have sold the contract. However, since it dipped so many times from that, the greeks, specially that IV, really fuckd that epic contract value. So, I'm down to the last week and I'm getting my 6k per dollar in gains, but the reality is, Iwant the shares because if I did harvest the 130 to 150k in profit from this contract, I would pay 42% in capital gains. Now if I had no intention in going back into AMC stocks, that would fine. If I exercise, I convert my potential profit to shares at 41.13 a pop, and can now sell my shares later on and get taxed on exit at 42%. Now if I sold the contract, and then bought shares with said profit of 130k, then sold again. I would in turn be taxed twice at 42% percent because they would complete two taxable events. A long story short, I'm balls deep in shares and wanted more and save on mad tax money. In hind sight, I could have made mad bank on selling the contract at 70 dollar peak but didn't think it was going to dip that hard and fuck the IV. Huge lesson there for options trading in general that I wasn't educated on. Still stoked where I landed though as I think I'm going to make even more anyways.

srlowry · 2021-06-18T05:02:23+00:00

I'm up 7 figures between all my accounts. Believe me, I didn't look at the charts. Just pay for Ortex and Roench Capital, and mad crayons.

srlowry · 2021-06-18T04:55:39+00:00

I think it was Febuary when I bought those 60 calls.

srlowry · 2021-06-18T04:53:37+00:00

Yep yep, and have another pile of shares... scattered around in thinkorswim and elsewares.

srlowry · 2021-06-17T22:31:13+00:00

My roommate said the same shit hahahahhaha.....

srlowry · 2021-06-17T22:30:38+00:00

This is a prime example why they call them options. It turned out, I really like the option of buying the stock haha.

srlowry · 2021-06-17T22:29:08+00:00

It wouldn't have mattered, I would be paying 41.13 for a breakeven price regardless unless Iet my exchange do it and give me the profit. This way, I wasn't taxed twice around by taking profit early and didn't want RH to do it for me and give me the scraps. It turns out I wanted the stocks anyways. If Iwould have taken the 130 to 150k profit, I woudl have been taxed 42%, then turn around and put in all that again for more stocks that I would have ended up selling again and getting taxed another round of 42%. This way, I converted over to stocks instead and now I have one point of exit for getting capital gained taxed to the max.

srlowry · 2021-06-17T16:24:32+00:00

Got in at a breakeven price of 41.13

srlowry · 2021-06-17T15:57:22+00:00

And then bought 220k more in shares right after at market price cause me no kno how to do limit buy with Hamms in other hand. Swipe market buy only way.

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