b*r
2 楼
为啥要这么做。。。
w*8
4 楼
for tax more?
W*n
6 楼
waste of time
W*n
7 楼
the stock broker sure like to take ur commissions
i*y
8 楼
example:
You hold a big pharma from Apr.25, 2009. You have big gains. Say it is $40
now from your cost at $20. You are approaching long term.
However, one of its blockbuster drugs are pending FDA decision on Apr.20,
2010, which 90% sure results an approval. However, a surprise rejection will
cut your stock price in half.
Puts are expensive and will lose event value after the decision. But you
still want your long-term gain. Shorting it will result a no-cost (only less
commission) hedge to protec
【在 W***n 的大作中提到】![](/moin_static193/solenoid/img/up.png)
: the stock broker sure like to take ur commissions
You hold a big pharma from Apr.25, 2009. You have big gains. Say it is $40
now from your cost at $20. You are approaching long term.
However, one of its blockbuster drugs are pending FDA decision on Apr.20,
2010, which 90% sure results an approval. However, a surprise rejection will
cut your stock price in half.
Puts are expensive and will lose event value after the decision. But you
still want your long-term gain. Shorting it will result a no-cost (only less
commission) hedge to protec
【在 W***n 的大作中提到】
![](/moin_static193/solenoid/img/up.png)
: the stock broker sure like to take ur commissions
r*o
9 楼
我原来也这么想过,
主要考虑是long term capital gain is taxed at a different rate, am I right?
你要有两个brokerage account吧。
will
less
【在 i**y 的大作中提到】![](/moin_static193/solenoid/img/up.png)
: example:
: You hold a big pharma from Apr.25, 2009. You have big gains. Say it is $40
: now from your cost at $20. You are approaching long term.
: However, one of its blockbuster drugs are pending FDA decision on Apr.20,
: 2010, which 90% sure results an approval. However, a surprise rejection will
: cut your stock price in half.
: Puts are expensive and will lose event value after the decision. But you
: still want your long-term gain. Shorting it will result a no-cost (only less
: commission) hedge to protec
主要考虑是long term capital gain is taxed at a different rate, am I right?
你要有两个brokerage account吧。
will
less
【在 i**y 的大作中提到】
![](/moin_static193/solenoid/img/up.png)
: example:
: You hold a big pharma from Apr.25, 2009. You have big gains. Say it is $40
: now from your cost at $20. You are approaching long term.
: However, one of its blockbuster drugs are pending FDA decision on Apr.20,
: 2010, which 90% sure results an approval. However, a surprise rejection will
: cut your stock price in half.
: Puts are expensive and will lose event value after the decision. But you
: still want your long-term gain. Shorting it will result a no-cost (only less
: commission) hedge to protec
W*n
10 楼
will
less
Why not just sell & take the profit?
【在 i**y 的大作中提到】
![](/moin_static193/solenoid/img/up.png)
: example:
: You hold a big pharma from Apr.25, 2009. You have big gains. Say it is $40
: now from your cost at $20. You are approaching long term.
: However, one of its blockbuster drugs are pending FDA decision on Apr.20,
: 2010, which 90% sure results an approval. However, a surprise rejection will
: cut your stock price in half.
: Puts are expensive and will lose event value after the decision. But you
: still want your long-term gain. Shorting it will result a no-cost (only less
: commission) hedge to protec
w*o
11 楼
You didn't get his point, if you hold more than 1 year
you can benefit for the long-term gain tax as 15% only.
But before that, the price might fluctuate, he would
like to short it to protect the gain.
It's kind of make sense at some point, but may need
to have 2 broker accounts.
【在 W***n 的大作中提到】![](/moin_static193/solenoid/img/up.png)
:
: will
: less
: Why not just sell & take the profit?
you can benefit for the long-term gain tax as 15% only.
But before that, the price might fluctuate, he would
like to short it to protect the gain.
It's kind of make sense at some point, but may need
to have 2 broker accounts.
【在 W***n 的大作中提到】
![](/moin_static193/solenoid/img/up.png)
:
: will
: less
: Why not just sell & take the profit?
W*n
13 楼
I see. But this won't concern me. I have quite a bit outstanding short term
losses.
losses.
W*n
14 楼
But, there still a big -ve. Further gains are limited.
S*e
15 楼
我试过,一个broker也可以
【在 w*******o 的大作中提到】![](/moin_static193/solenoid/img/up.png)
: You didn't get his point, if you hold more than 1 year
: you can benefit for the long-term gain tax as 15% only.
: But before that, the price might fluctuate, he would
: like to short it to protect the gain.
: It's kind of make sense at some point, but may need
: to have 2 broker accounts.
【在 w*******o 的大作中提到】
![](/moin_static193/solenoid/img/up.png)
: You didn't get his point, if you hold more than 1 year
: you can benefit for the long-term gain tax as 15% only.
: But before that, the price might fluctuate, he would
: like to short it to protect the gain.
: It's kind of make sense at some point, but may need
: to have 2 broker accounts.
i*y
16 楼
The point is you are going to SELL. You already made the decision but it is
only a few days from lower tax. What are you going to do?
1. Sell stocks immediately.
2. Buy puts
3. Write deep ITM calls
4. Short equivalent stocks at another broker
Yes, further gains are limited, especially in 1,3,4.
I consider 3 is the best, when available. Not all stocks have options though.
Anyway 4 would be uniformly better than 1.
【在 W***n 的大作中提到】![](/moin_static193/solenoid/img/up.png)
: But, there still a big -ve. Further gains are limited.
only a few days from lower tax. What are you going to do?
1. Sell stocks immediately.
2. Buy puts
3. Write deep ITM calls
4. Short equivalent stocks at another broker
Yes, further gains are limited, especially in 1,3,4.
I consider 3 is the best, when available. Not all stocks have options though.
Anyway 4 would be uniformly better than 1.
【在 W***n 的大作中提到】
![](/moin_static193/solenoid/img/up.png)
: But, there still a big -ve. Further gains are limited.
p*9
17 楼
lz,我研究过,专门和几个broker都探讨过, 总体来说,这个不可行。
人家有很多限制规定, 等到你想抛出来的时候,你就明白了你还是亏的冤大头。
人家有很多限制规定, 等到你想抛出来的时候,你就明白了你还是亏的冤大头。
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