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#1081 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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I wasn't looking to do anything crazy like that but simply place a long call on a stock. A few hundred dollars for the premium. Couldn't lose more than that so I'm not sure why that's not allowed?
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Posts: 45,942
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#1082 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,432
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#1083 |
Sexiest Athlete
Join Date: Apr 2001
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Posts: 12,633
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#1084 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Posts: 51,496
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#1085 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
If you own a stock and you want to write a covered call option against it, you usually need a margin account. Your position is protected as if your option was executed and called, you have the stock to hand over. |
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Posts: 51,496
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#1086 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
Speaking of which, I just got my margin call. Yay!! |
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Posts: 57,432
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#1087 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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I'm wondering what everyone thinks about buying Macy's at this price of around $22. It is yielding nearly 7% !!!
I know all about the Amazon effect but I gotta assume at least some of the better retailers will survive. I think you guys who bought in on "X" in the $20-21 will be happy in another year. |
Posts: 51,496
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#1088 |
In Search of a Life
Join Date: Jul 2009
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So off topic a bit but I had a pretty good weekend in vegas this past weekend and made out with some cash. How do taxes in that work?
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Posts: 81,983
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#1089 |
Banned
Join Date: Jan 2013
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How much cash. At some point, the casino reports those winnings and will have to be listed as additional income. I don't believe the casino taxes the money but they report it, I assume. I've never worried about it but I've never won what I would consider large sums.
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Posts: 53,803
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#1090 |
In Search of a Life
Join Date: Jul 2009
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I took 2 grand in cash and walked out with 14 g.
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Posts: 81,983
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#1091 | |
In BB I trust
Join Date: May 2003
Location: Boston, Mass.
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Quote:
Yeah, casino winnings aren't subject to withholding/deduction, generally, but you're supposed to report winnings. I don't know at what point the casino's themselves file a 1099 or whatever with the IRS. However, you can offset winnings by losses within the same year, though obviously it would be best if you had some records around this to show the losses. You can't take more in losses than you had in winnings, AND your losses can only be taken if you itemize deductions I believe, so if you're taking the standard deduction, oh well. As always, the advice on here is worth precisely what you paid for it. ![]() |
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Posts: 43,125
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#1092 |
In BB I trust
Join Date: May 2003
Location: Boston, Mass.
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Posts: 43,125
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#1093 |
In Search of a Life
Join Date: Jul 2009
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Posts: 81,983
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#1094 |
In BB I trust
Join Date: May 2003
Location: Boston, Mass.
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Posts: 43,125
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#1095 |
Banned
Join Date: Jan 2013
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Posts: 53,803
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