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Looks like this recall news will be a lever to push the stock lower today.

The stock looks like it's pricing in a rate hike on Weds. I'm not so sure they'll raise again yet, as they have the rest of the year to do 1-2 more threatened hikes. Curious what side of the bet, if any, you all will be taking for Weds?

Inversely to MSFT or GOOG, Tesla is not rewarded for big investments in a long-term AI strategy. My take is because of the boy who cried FSD has degraded confidence in when it will actually be significantly monetizable.

How is this being tracked? Why so certain?

What tool is this?

So weighting (volume) of buys/sells at the strikes of the magnets and walls will determine direction?

Small beat, 423K deliveries, 441K produced! Whew, my 4/6 $227.50 calls are safe.

Thanks for sharing this potential reality. What leads you to believe this will happen in the near future?

There are a combination of things you can do to reduce the C-corp retained earnings. There's also this approach, which I plan to use in 2022 () I was not discretely aware of the $250K limit, so thank you for surfacing that. I'll have to incorporate that into my planning.

Interesting, as Corey is the guy I work with as well.

Are you sure and have engaged a tax pro on this to confirm? The experts at Anderson haven't flagged this as an issue.

YMMV but I was able to setup the org account with options permissions already enabled. For me it was the 3 week delay in transfer that would skew what closed positions may be worth when everything was done that has pushed me in the direction of doing 2 transfers. The first, a partial transfer...

Transferring the assets (manual transfer as IBKR refers to it), does take some time. Getting the organizational account set up (business brokerage) is tedious and then requires approval. Then, transferring the assets takes about 3 weeks. Also, it's good to note that they can't transfer...

Glad this has come back to the top of mind for the group. I'm happy to provide referrals. If you'd like me to send one, please shoot me a DM with your first name and email address and I'll take care of the rest.

The ladder approach is fantastic, I would have never thought to take this approach. The one topic I'd love to see more discussion on in this thread is LEAP buying. I'm sure there are other strategies and lots of anecdotes to share from past examples of successful and unsuccessful LEAP buying...

With the production roadmap we've got in front of us in 2022 this price action, although painful, seems like an opportunity for the placing of some long term bets. I've never played with LEAP's before, so I'm seeking wisdom from those of you that have bought them with success. What are the...

Tomorrow will be VERY interesting. I'm praying for a split announcement this weekend to really ignite the burn.

My father also worked for DEC - I'd be curious if you knew him - feel free to PM me and I'll share his name.

Thanks. I understand the mechanics behind the roll, but procedurally it seems like it adds a dependency for opening the new position - the old one must have enough interest/volume to close. If it's just something to minimize clicks, that makes sense, but otherwise it was just an outlier in...

Is there a reason you roll your positions out weekly vs. closing and re-opening? Wondering if you're avoiding commissions, or have some other wisdom in the decision.

Formula 1 race :)

Good memory! I did do quite well on SHOP, until I didn't. There are some lessons learned as I had some large, and relatively safe *at the time* BPS open for SHOP when it dropped ~150 points over 4 days a couple of weeks back. Things to keep in mind when trading outside of TSLA: Volume is...

Opened a few positions this week after a stressful week last week and early this week managing my SHOP BPS -1390/+1320 that went in the money last week. This management has left me low on leverage, so I only opened a small TSLA position for next week: 10/15 - 50x -740/+690 & 50x -730/+670 The...

I'll add support for the private forum, as long as I get an invite :) Also, if it goes private, there should be some way of allowing new users in from a public discussion - so as not to create an echo chamber.

Ok, somehow have put myself into a diagonal spread. Thanks - It was stressful, but I've rectified. STC the bought put and BTO a new put for the following week, getting back into a BPS. Lost some money today, learned some lessons, and some about TWS. Now just need to hope for a rebound...

Looks like I have to roll a SHOP position. If I roll the sold put, as this is my first time rolling a BPS, do I just pick a strike next week with a credit and then add a bought put separately? Best to just close the bought put for profit? And somehow put myself into a diagonal spread. Not...

I see, thanks. Have a favorite roll up/down/out methodology? Trying to learn 80/20 of this new interface as quickly as possible.

Congrats! Living the dream.

Thanks- yes the profile has cured my issues. I'm starting to get more familiar with TWS. Now if only I could make up mind to put in a BPS today or wait to see if there is any red tomorrow...

Insightful, thank you!

You're a brave soul. In the OptionTrader while putting a multi-leg (BPS) together the lack of maintenance margin impact insight boggles my mind. Do you have a formula for calculating manually that you use?

The UX of TWS is shockingly hard to use, coming from the web based UX. Do you recommend using the IBKR tutorials or are there 3rd party tutorials you learned better from?

Anyone else have issues with IBKR this morning? I missed the boat on juicy BPS profits because the web based platform continues to error.

Thanks for the succinct answer!

For you BPS traders - if I look at opening a -720/+690 BPS, the net credit despite a green day looks like ~$1.10. If I sell 100 of these, and am very confident the stock won't end the week at or below 720, is there a risk I'm not seeing? I've only ever sold calls and puts... is there some...

Yes, you are able to continue trading from anywhere. You would not pay the B&O tax in your locality. The fees include setup, book keeping, advisory services for managing deductions, etc. The tax filings would be a separate cost, but you don't need to use their CPA services if you prefer to...

You don't pay out money that isn't deductible. For example, if you wanted to contribute to your 401K, you could give yourself a $20K salary and deduct $19,500 as 401K contribution, then an additional 25% contribution from the company - netting you negative income. When you stop bringing in W2...

There is no trading activity requirement for this path. The advisor also mentioned that obtaining Trader status from the IRS is very hard and is also subject to the most frequent audits if obtained.

Alright fellas, gather round. After my follow up call with a senior member of Anderson today you're going to want to act sooner than later. Below are the highlights - spoiler alert, I paid the piper ($5K for their trader package) and have begun working with Anderson. I'm happy to share a...

Quick update - I'll be speaking with a senior member at Anderson Associates on Thursday to go over detailed questions not covered in the first call. Will come back to this group following that call to share my update. In the meantime, has anyone else taken steps to begin the process of moving...

Much appreciated!

Ha! I thought it might be, considering they are the only named outfit in the thread. I'm in WA, so I'm hopeful there are local options to explore too. @Discoducky - with the impending state cap gains of 7% starting next year, a WY C-corp would also protect you from these taxes on trading...

This is a question I'll be posing on my next call, as well.

Thanks for that POV. Are you willing to share which advisory service gave you the 'safe' advice? I will probably want a second opinion before pulling the trigger, the question is who it comes from. Also, I'm not opposed to breaking my trades into smaller contract lots. Selling my cc's 5 at a...

One of the videos they link to starts to explain that there are advantages to transferring your brokerage to your holding company. By doing this you work around the trading volume limits for many of the deductions that a pro trader would benefit from. My more detailed questions about the...

Hello All, Updating the group following my first intro call with Anderson Advisors (Trader Taxation). I met with Mike Tracey, a sober sounding Sr. Advisor. The call was a great high level overview of what Anderson (or similar) can provide to an investor with significant income (I have both W2...

Funny you say this - I asked a rep at IB this exact question and he laughed at me. I was assuming that if my sub-account went negative that they would come after my main account, thus the sub-account truly is collateralized by the main account, but doesn't get/isn't legally allowed to benefit...

Just an update for those following along - I've scheduled time to talk with a consultant from Anderson Advisors on Monday morning. The woman who helped me schedule went through the consultant/lawyer's background which I found interesting. He's a tax planning lawyer for the past 20 years, but...

My accountant was stumped when I asked about each contract counting as a trade - this insight is gold! Can I ask, where did you learn this detail?

I'm also in WA, good to know there are others in the same boat. As we work through finding the right accountant/lawyer/firm to address this situation whom can also be trusted it's good to be able to share the insights and also the names so neither of us ends up making a mis-step.