Arthur

May jobs report: The US unemployment rate unexpectedly FALLS to 13.3% (vs. expected rise to 20%). Wow.

Here is a real world example: around March 15 I got an info "from the future" that SPX would fall below 2000 by the end of April. So, I bought a bunch of APR and MAY puts. That didn't go well

@Christof+ @urfiend @mustafaoe @equus @rigulator @Bernie @Daniel S @nitsuj Any thoughts?

Dear German option traders, we have to talk about 2021. Changes to the German income tax law, which go into effect in January 2021, make options trading basically unprofitable/pointless (at least for private traders). The main change is that, while gains are still fully taxed, losses can be deducted only up to 10,000 EUR per year in total (!). Example: you've made a calendar trade which ended up with 0% profit (one leg gained 30,000 EUR and the other lost 30,000 EUR). Since losses are deductible only up to 10,000, you will have to pay taxes on a 30,000-10,000=20,000 EUR gain! Oh, and you've already used all your annual “loss pool”, so with your next spread trade you won't be able to deduct any loss... What are the solutions? a) Founding a trading company (GmbH or UG)? b) Founding a family foundation (Familienstiftung)? c) Emigration? Any thoughts/suggestions? I am lost... https://boerse.ard.de/anlagestrategie/steuern/verlustverrechnung-fuer-termingeschaefte-wird-erschwert100.html

@mccoyb53 Have you tried Tradier? They do accept come European countries (not sure about Ireland).

Tradier experienced some technical issues today which made it impossible to close trades. What a mess!

@DjtuxLooks like you've added 2 new columns to the Scanner: Call Calendar Current Price and Put Callendar Current Price, correct?

@Christof+ Thanks a lot, much appreciated. Just one more question: in my flex report I don't have the columns "Open/Close" and "FX rate" (I think IB doesn't know if a trade is opened or closed anyway, right?). So, do you add those two columns manually? It should be doable to manually add the EUR/USD exchange rate for each day, but deciding for each trade whether it's an "open" or "close" sounds like an impossible task - my 2018 table has thousands of rows...

@Christof+ If you don't mind, can you attach an excel spreadsheet with an example? I am not sure if I got the correct IB flex report and if my calculations in the last column are correct...

@Djtux Would it be possible to add a new column to the Scanner: Average Max Move from the last 4 cycles? For the background: I sometimes hold straddles through earnings hoping for a large stock move. Being able to compare the current straddle RV to the average max move from the last 4 cycles would make it much easier for me to find suitable through-earnings-candidates. Currently I have to do the calculations manually for each stock using the Straddle Table.

I completed the paperwork 10 days ago and haven't heard from Tradier since. Sent them an e-mail 2 days ago, but haven't received any response yet.

I just tried to open an account using the link and the promo code and received the following error message "We are unable to open accounts for non-US residents". That was even before I could specify my country of residence, so apparently it applies to all countries outside the US. I've contacted Tradier via e-mail, hope they can help.

@Christof+ @urfiend @mustafaoe @Marco and others Hallo zusammen In this topic I would like to discuss the peculiarities of paying taxes in Germany. The German tax system is different from the US as in GER only the realized gains are taxed – and there is no Wash-Sale Rule, as far as I know. Gain from options trading are taxed at 26.375% (plus "church tax"). Gain from stocks are also taxed at 26.375%, but are treated separately from options, so it's not possible to offset gains from options with losses from stocks. I haven't traded stocks in my account, however I still have stocks gains due to an assignment. Forex gains are taxed at the personal tax rate, if I am not mistaken. I currently use IB, but I am thinking about switching over to Tradier. So here are some thoughts/questions I have: 1) IB offers a "realized gains" report which shows the gains grouped into 3 categories: stocks / options / forex. Do you use this report for your tax declaration? 2) What is your experience with forex gains? My base currency in IB is EUR, but I trade options in USD. Apparently, every time I buy or sell an options, I realize forex gains/ losses. So, in my case IB shows realized forex gains (over EUR 1000 in 2018), even though I haven't actively traded EUR/USD. The forex gains will be taxed at my personal tax rate, correct? 3) Does Tradier offer a similar "realized gains" report? You can also answer in German, if others don't mind

@krisbee @SBatch Do you guys have experience with Tradier margin calls?

Does anyone know how Tradier handles margin breaches (e.g. after an assignment)? Do they issue a margin call and let you add cash to your account, or do they just auto-liquidate after 10 minutes like IB? I am currently with IB and their forced liquidation policy makes me nervous. Every time the short leg of my spread moves ITM I have the feeling that I am playing with fire.