Home Investment Wall Street Bet | SAVE BIG ON TAXES BY TRADING SPX/NDX CORRECTLY: If you... InvestmentWall Street Bet [WallStreetBets] | SAVE BIG ON TAXES BY TRADING SPX/NDX CORRECTLY: If you use SPY/QQQ options and not SPX/XSP/NDX/ES/NQ options for short-term trades, after reading this, you should consider yourself a moron. Annual PSA! By Unlucky-Prize - 2 31 Facebook Twitter Pinterest WhatsApp See Also (Article Bottom) RELATED ARTICLESMORE FROM AUTHOR [WallStreetBets] | The Boom Of Big Five DD [WallStreetBets] | Prusa vs Makerbot. The nerd war of 2014. [WallStreetBets] | A Proposed Mathematical Definition of a Wall Street Bet 31 COMMENTS Sorry, SPX 0 days just don’t have the same ring to it. Ill pay the tax Reply I agree, but personally I don’t like the spreads on SPX options, they’re too wide and fluctuate too quickly to get filled in/out on scalps compared to SPY options, at least in my experience. Reply You got too many words and not enough 🚀🖍 Have to draw em in Reply Pro Tip – You don’t pay tax on losses. Gambling debt is Tax Deductible, Chief Reply tbh didn’t get through the whole thing but saved it so I feel responsible and better about myself Reply This means my tax loss harvesting won’t be as substantial tho Reply If you trade options on a ticker for the tax benefits over things like volume then you’re pretty much an idiot. Liquidity is king Reply You can’t get assigned on SPX. If I seek puts, I can get assigned on spy and hold my position until profitable. Reply Adding MES (1/10th of ES) for completion Reply Is /MES and /Mnq treated the same as /ES and/NQ? Reply The people throwing money into $10 SPY options “with money they can’t afford to lose” definitely aren’t going to be able to pay $3500 per SPX contract lol Reply No issues with IRA accounts since it’s all taxed the same in the end. 1256 contacts don’t seem to work well in TurboTax for me. That being said, I would struggle thru all that for the tax savings if I weren’t trading in a qualified account. Reply What about liquidity? I’ve seen wide spreads on these where SPY is always tight Reply You doing the IRNT play and then spreading the gospel of 1256? You’re a good person. Reply Holy fuck this was awesome you 🍤 fucker Reply Intrigued Reply Nice info. Reply Been doing spx for a hot minute. Sadly, I’m down 35k ytd with them. 7/20 and 7/23 and September really fucked me up. Reply options on SPY and QQQ are section 1256 tho. This kind of surprised me at first too. Reply I’ll worry about that if I ever get my account in the green, lol Reply cialis coupon https://cialiswithdapoxetine.com/ Reply cialis pills cialis online Reply cialis 20mg cialis alternative Reply cialis price https://cialiswithdapoxetine.com/ Reply cialis pills cialis generic Reply https://cialiswithdapoxetine.com/ cialis price Reply cialis generic cialis without a doctor prescription Reply cialis 20mg cialis generic Reply cheap cialis buy cialis usa Reply cialis coupon https://cialiswithdapoxetine.com/ Reply buy cialis online cialis alternative Reply LEAVE A REPLY Cancel reply Please enter your comment! Please enter your name here You have entered an incorrect email address! Please enter your email address here Save my name, email, and website in this browser for the next time I comment. Δ - Advertisement - POPULAR CATEGORIESWall Street Bet111Bitcoin News36Technical Analysis27Internet Marketing14How to earn money online12Social Marketing10 MY FAVORITESWall Street Bet[WallStreetBets] | $RIDE – Still Headed to Zeroaka0007 - 11Technical AnalysisTechnical Analysis: PLTR Weekly Chart: Raindrops, Anchored VBP, Anchored Accumulation/Distribution & Analyst EstimatesTrendSpiderDan - 1Wall Street Bet[WallStreetBets] | Is this really happening? 461% short interest (according to ortex)debt_trader - 24Bitcoin NewsBitcoin Bottom Line – Inflation and Politicsincreaseprofitonline - 0 POPULAR POSTS Exploring the Benefits of Facebook in Business increaseprofitonline - 0 [WallStreetBets] | $RIDE – Still Headed to Zero How To Buy Stock [WallStreetBets] | SPIR Update – These violent delights have violent ends Technical Analysis: How To Trade Fibonacci Retracement Levels In Trading?