NexusFi: Find Your Edge


Home Menu

 





Selling Options on Futures?


Discussion in Options

Updated
      Top Posters
    1. looks_one ron99 with 2,221 posts (4,489 thanks)
    2. looks_two SMCJB with 346 posts (733 thanks)
    3. looks_3 kevinkdog with 341 posts (400 thanks)
    4. looks_4 myrrdin with 288 posts (408 thanks)
      Best Posters
    1. looks_one SMCJB with 2.1 thanks per post
    2. looks_two ron99 with 2 thanks per post
    3. looks_3 myrrdin with 1.4 thanks per post
    4. looks_4 kevinkdog with 1.2 thanks per post
    1. trending_up 1,999,290 views
    2. thumb_up 9,259 thanks given
    3. group 458 followers
    1. forum 7,370 posts
    2. attach_file 794 attachments




 
Search this Thread

Selling Options on Futures?

  #7371 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,688
Thanks Received: 2,651


Forex37 View Post
Hi all, especially Eratostenes and Myrrdin ( and Ron99!!!!)

I`m trading a family account under German Tax Code, as well as my Swiss and Dutch accounts, although I`m and old white ... mean really old man. I hold accounts with Gain, TS, IB ToS (no trading -just analysis), TW and eOpt. For EU tax subjects IB is by far most preferrable as they give Portfolio Margin to every account - of any size, even if beyond 25k or 10k. And no PTD rule on equity.

There is a large community of option traders in Germany, despite the "Binding Steuer", the stupid 20k rule. If non-german readers request I might explain this separately. The largest part of this community trades concepts compatible with the tax requirements, a smaller part has formed Corporations to circumvent the tax, but at a cost. I quess there are about 2000 active options traders in Germany, I have met many at the former annual "Optionssymposium" multi day conferences.

German language youtube videos with weekly trade reports on options stategies have always 5-15k viewers. I personally know more than 50 traders who acquired and still do US courses from John L., SMx, Aeroxxx and others which cost 2k and more - per course. And even in Germany you will find many educational firms. If you search YT for free german videos on options (income strategies - Einkommensstrategien) you will find multiple groups offering such in weekly up monthly editions.

There are Trading Clubs, one mainly non-profit in Hamburg to which I belong, HTTA.

There is a monthly magazine for traders (of that very name), where every edition carries a major article on options with practical options advice.

And in this month the article covers 0DTE with options in a way adopted to German taxation rules. The author also converted the ever popular "Parking Trade" to a tax compliant version. Either of those will earn you 4% p.m. on a 10k account (so 20k for both strategies).

And even Ron`s strategy is adaptable to German taxation: Short DTE 110 1xDelta6 Long DTE 30 2xDelta1,5 TP 50%, StopL 200% .

So the situation for German Traders is bad but survivable. Just living in a very socialist environment.

All this is NOT a recommendation but just reporting personal findings

All the best

I am living in Austria, and we are happy to have own tax laws, which have significant advantages regarding option trading. But there are other disadvantages.

All the best, Myrrdin

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
REcommedations for programming help
Sierra Chart
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
ZombieSqueeze
Platforms and Indicators
Trade idea based off three indicators.
Traders Hideout
Cheap historycal L1 data for stocks
Stocks and ETFs
 




Last Updated on July 28, 2023


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts