[aby1818]

Hi Rahul, thanks for getting back to me. Yes, next year would be great for me. I can reach at aby1@yahoo.com. Happy Holidays! Alvin

[aby1818]

Hi, I am in the East Bay. I am interested. Alvin

[aby1818]

Hi, I am interested.

[aby1818]

Mark, I been with Schwab forever. It’s nice to know that you reconciled your wash sales and that they are correct. I really don’t have an understanding of wash sales. Since they report the numbers to IRS, I am pretty much stuck with what they give me at end of year. Prior to the broker reporting the numbers to the IRS, I did safe all trade confirmations for purpose of documentation and tax reporting. It’s good to know someone else have confidence with them. Thank You. Alvin

[aby1818]

Teddi, I use Schwab for trading. They report the gains and losses at end of year to the IRS. I was just looking to see if anyone that uses Schwab had any issues with the way they do their calculations. I do so many trades that I am not able to track it. I depend on their numbers. Sometimes, I am not sure if they are doing the wash sales or reporting realize gains and losses correct. I am looking to see if any your subscribers that use Schwab have any issues. Alvin

[aby1818]

Hey, good idea. I like it. Thanks for the suggestion. Alvin

[aby1818]

Teddi, what strike would you recommend? I just sold the 132 strike for next Friday, got .25. Thanks.
Alvin

[aby1818]

Amy, looks like the market like the decision on JNJ. Once I am out of all my puts, I am probably gonna stay more conservative with the strike. They still have all those lawsuits out there. Alvin

[aby1818]

Teddi, thank you. I will keep paper trading until I think I got it. Alvin

[aby1818]

I am still trying to figure out Teddi SPY daytrades. I just can’t get the correct entry. Alvin

[aby1818]

Amy, thanks. Alvin

[aby1818]

Amy,

Thanks for your response. I hold the 133, 131, and 129 strike for exp 8/30. That news was put out by MarketWatch, but it seems like no reaction from the market. I do think the streaming service coming out November should be able to hold DIS at current.

On a different note, if you follow JNJ. Do you have an opinion of the opioid case decision due out Monday. I am heavily into JNJ.

By the way, I am happy to get responses from any and all members.

Alvin

[aby1818]

Yes, I am holding 157.50, 162.50, ,and 165 strike put for this Friday. I also have the 162.50 strike for next Friday too. Thanks. Alvin

[aby1818]

It is expiring today.

[aby1818]

Thanks for your response. Alvin

[aby1818]

Thanks. I thought this was a new challenge.

[aby1818]

Teddi,

Thank You. I like to know what is your initial capital allocated to this challenge.

Alvin

[aby1818]

I have 10c, exp 1/18/19, 170 strike. What is my best course of action? Thanks in advance for your suggestions. Alvin

[aby1818]

I don’t have an account with IB. Can I use them for paper trading? Alvin

[aby1818]

Amy, what is that you are referring to, -1000 to +1000. Where do I see that index? Thanks. Alvin

[aby1818]

I have lost so much also, but not in amzn, luckily I btc and took the loss on amzn, instead of rolling down and out. I wish I took that action and the losses sooner on my other holdings. Now with each assignment, I try to take a little bit off the table. There is nothing like a recovery in the market. I think that is wishful thinking on my part.

I love to see what Teddi would do.

Good Luck.

Alvin

[aby1818]

What a call, are you out yeu? Alvin

[aby1818]

Teddi, it’s getting close, what are you doing with AMZN? Alvin

[aby1818]

Teddi, it’s going to be a close call on AMAN. How do you choose between GOOGL and AMZN? Alvin

[aby1818]

Amy,

Just when I said, why didn’t I get assigned WYNN, I was assigned all of it last night. I did see your response on waiting a day or after assignment to sell and re establish. I couldn’t wait, it was up $6. I sold and re established my put positions. I did take a hit, but I sold the put at a lower strike. I will try to get on other trades.

Alvin

[Author]

Posts