Sold 20 of the long, 10-strike call LEAPS expiring in Jan. 2012 for $850 apiece. Net proceeds after commissions of $16,980.
With the stock back into nosebleed territory at RSI 70, I'm legging on another batch of Jan. 2012 expiries intending to buy an equal number of the 10-strikes for Jan. 2013 on an expected slight pullback. After I do the buy leg for these 20 options, I'll still have 104 more to roll at the 10 strike and then there's 189 at the 12.50 strike as well. I'll be rolling in batches and legging them on.
01/24/2011 12:32:58 Sold 20 PFE Jan 21 2012 10.0 Call @ 8.5 16,979.67
> proved that what I said about you knowing nothing about taxes?
Is income averaging still an option for taxpayers?
Re: are we experiencing another 1-Sep-10 06:07 pm
I'll have to read up on the rules concerning income averaging as I'll likely have over a half million of reportable profits for calendar year 2013. I've never had occasion before to get involved with income averaging but I know it exists - I just have to bone up on how it works. It figures to be three years away though with the big profits likely to come on the sale of the long calls that will be expiring in Jan. 2013.
Are you planning to file as a Farmer or a Fisherman?
A few days ago when GE announced a gain of 50% in earnings, I was shocked. Again, the WSJ lied in saying GE's financial unit was a major contributor to the gain.
I looks like the ^IXIC is about to get back to its all time high. It could happen any day now.
Go away when you just put your foot in it and proved that what I said about you knowing nothing about taxes?
Here is an excerpt from your post:
I guess my lack of complete knowledge of market related financials and taxes has precluded me from such things: as needing extensions to pay taxes
It's just inconceivable that you don't know that taxes due have to be paid by April 15 in order to avoid interest and penalties. When I extend filing my tax returns out six months, the ONLY thing I am doing is delaying the FILING. But I always estimate what is due and pay Uncle Sam what they have coming on Form 4868 where I request merely the extension IN FILING.
As I said in my last post, you are an absolute know-notthing when it comes to financial matters.
I also don't believe one word you say about making money in the market. Just because somebody says something doesn't mean it's true.
You don't belong here - now high-tail it back to your Tyco cesspool.
Yes! Good idea, carolH.
While he is educating and informing me, he could possibly add a little color to his analysis of those 'few Mexican mortgages' that GE was involved in.
There is one place where you consistantly go wrong.
You said, posted, something you did not have to, it was rude, and intrusive and wrong.
You interupted Pebbles and I. Rude and instrusive, and in itself wrong (bad manners).
Moreover what you said was wrong with respect to my knowledge of taxes and financial matters.
I've successfully ran two businesses and sold the first at a profit, and it is stil an on-going successfull concern. I did and do my taxes personally and never been audited. I pay them on time and in full. I have zero debt.
Further, I have been active in the stock markets since 1999. And I believe I have at least as much knowledge in that context of financials as one who has 177,000 worth of loss carryforward. I have never had a margin call, much less had to borrow money to meet one. My account values are worth more now than then, and more than the total amount I have invested.
I guess my lack of complete knowledge of market related financials and taxes has precluded me from such things: as needing extensions to pay taxes, and, suffering 6 figure loss carryforwards, and margin calls.
In that context you are smart.
In overall scheme of things, rude, intrusive and most importantly and all to often:
Now unless you are prepared to apologize, go away.