Options

I've been a stock, option and currency trader for the past 25 years. I am also a registered option principle. What's on your mind?

Why havent you been posting in here?

You have to sell your option to get your money. Only time they would go to your account is when you sell an option and it gets excercised. Before that happens  you can buy it back on your own.

do you know what tax bracket option trading falls into on gains and losses?

The tax on an option is short term capital gain.

If you buy and option and it goes into the money then you have to sell it to get your money out.

If you exercise it, then your account will be debited for the amount of the stock purchase. After it settles, you then have to sell the stock.

Remember - options expire the 3rd Friday of every month - it's best not to wait until the last day -

Wall Street - why haven't I been posting - I am new on the site and have been putting my 2 cents in every once in a while as I settle in. I do like your comments esp on DRYS. I've traded that one from both the long and short side.

With ya Ump...........
In a way
To be honest I don't have any skin in the game but know how its played
I'm bogged down for now focusing on sports
Between work and stuff don't have enough time to keep up on the markets to have an idea on whats moving or shaking them based off the fundamentals or the technicals
I will try and chill over here for what I can but can't contribute too much of anything because I am out of the loop on things
But do look forward in the near term hopefully to hang out over here more often

umpire thanks a lot for your help.  Any option trades you looking at now that seem like they are good trades?