I have a cash secured put assigned and it’s below cost basis right now in this down market.

If I sell the shares, at a loss, with the loss amount equal to the total premium (sold a few calls too for premium), what are the tax consequences?

All short term…

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Posting as :
works at
You are currently posting as works at

Why sell shares at a loss? Need cash ?

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Stock keeps falling.

funny

Just sell calls. Post the specifics. Unless it’s a lousy stock. Then take the L.

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Yep, that’s the plan.

You should never trade without knowing your tax situation and the impact of any win or loss in trading.

You’re welcome son. Here is another lesson. You can Google that……

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4/4 Thread (General):

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I have just got an options trader job at a prop trading firm. But I knew nothing about options/trading/finance. The firms said they’ll be officially training us once we start. But in the meantime, what are some books/resources that you would recommend to start learning first?

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likehelpful

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New to options on fishbowl - I have a call itm with Robinhood that expires tomorrow. If I don’t sell it, what happens? Will they exercise or am I better to sell it?

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If you’re not buying MGNI, idk what to tell you ... $11->$18.6 in a week and MktCap is still 2.1Bn. P/S is 5, and it has room to grow for a MktCap of 5Bn based on competitors. Just putting that out there

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3/23 Thread (General):

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I am down $25K on $150K portfolio. Should I cut losses and leave or continue :(

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