thanks for the feedback guys, I will keep it. However I
will be trading the options in the way I outlined in the video.
I will share the results over time and if they look good I
might start sending the options trades out for the system i.e
spy system going long, buying Jan 240 SPY calls. etc However
I'll most likely trade the SPX options instead of SPY options
because like futures those cash options are also subject o the
60/40 tax rule where you get to treat 60% of your profits as long
term gains, over time that tax benefit adds up a lot! SPY options
are taxed like normal stocks short term cap gains
anyway market approaching Friday's lows now
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thanks for the feedback guys,
SPY Pro system video discussion
Posted by matt on 22nd of Oct 2018 at 10:07 am
thanks for the feedback guys, I will keep it. However I will be trading the options in the way I outlined in the video. I will share the results over time and if they look good I might start sending the options trades out for the system i.e spy system going long, buying Jan 240 SPY calls. etc However I'll most likely trade the SPX options instead of SPY options because like futures those cash options are also subject o the 60/40 tax rule where you get to treat 60% of your profits as long term gains, over time that tax benefit adds up a lot! SPY options are taxed like normal stocks short term cap gains
anyway market approaching Friday's lows now