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I had 200 shares of THCB and I believe as of Monday that I'll have 200 shares of MVST (Microvast) as the SPAC merger has completed. I had previously sold a covered call on THCB though for 9/17. Do I still have a CC On TCHB for that date, or do I have a CC for MVST for that date? Basically, does the option carry over to the new merged ticker, or no?
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Jul 24, 2021 19:46
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The Options Clearing Corporation publishes any adjustments that happen to options due to mergers / splits / etc. Their site is being lovely for me right now, but this should have the info you need: https://infomemo.theocc.com/infomemos?number=49030
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Jul 24, 2021 19:52
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Cacafuego posted:I had 200 shares of THCB and I believe as of Monday that I'll have 200 shares of MVST (Microvast) as the SPAC merger has completed. I had previously sold a covered call on THCB though for 9/17. Do I still have a CC On TCHB for that date, or do I have a CC for MVST for that date? Basically, does the option carry over to the new merged ticker, or no? from my previous experiences with SPAC ticker changes, I'd expect to have a CC for MVST on Monday.
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Jul 24, 2021 21:13
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Michael Corleone posted:I will be liquidating my stocks on Monday when they are all sold and settled, so cool it! What I don't understand is how they have me booked at a 350ish gain and I lost about 175ish so idk. I have deferred losses for next year I guess, looks like it adds up. Also, I sold my AMC stock for -140ish (lol) and they booked it as -600 something. Oh well. Thanks for putting up with me, probably going to go to the real stock thread from now on. Are there actually dividend stocks that will pay out 2.5%ish or more a year and stay steady or increase. Going to me much smarter now. Off the top of my head, $ko $mcd $pg $pfe $jnj $mrk $khc $flo are all around 3% dividend and are either pharma or consumer staples stocks.
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Jul 24, 2021 21:22
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ChineseBuffet posted:The Options Clearing Corporation publishes any adjustments that happen to options due to mergers / splits / etc. FasterThanLight posted:from my previous experiences with SPAC ticker changes, I'd expect to have a CC for MVST on Monday. Thanks both, I’ll report back Monday!
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Jul 24, 2021 21:46
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T and XOM are my favorite dividend stocks at the moment.
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Jul 24, 2021 21:47
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KING and NOBL are divided aristocrat ETFs if you want to get the dividends without doing the homework NOBL is about $50/share and the napkin math works out that you can auto reinvest the quarterly dividend to buy 1x more shares quarterly holding $4900 worth of NOBL There's very recent discussion about dividend vs non dividend stocks and long term earning over in the "not gambling with all your money" stock thread I recently picked up some PCG which historically pays out $0.50/share dividend quarterly, and is priced at $9 a share right now (but they won't start paying dividends again until 2023 so YMMV)
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Jul 24, 2021 22:24
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Hadlock posted:KING and NOBL are divided aristocrat ETFs if you want to get the dividends without doing the homework That would mean PCG is more than a 20% dividend in 2023, correct? Is that sustainable?
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Jul 24, 2021 22:36
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Cacafuego posted:That would mean PCG is more than a 20% dividend in 2023, correct? Is that sustainable? PCG is still in bankruptcy, I wouldn't bet on its divvy going right back up to $0.50/sh
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Jul 24, 2021 22:55
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Pg&e exited bankruptcy a couple weeks ago. Pg&e goes through bankruptcy every 20-40 years, but they're the largest private landowner in California + society would collapse without electricity I would never suggest pg&e in the long term investing thread, lmao. If they start paying dividends based on earnings again, the stock price will rise again, presumably. Also California legislature passed a bunch of bills that nullifies pg&e from financial risk, that all take effect this year That said PG&E has already admitted fault for several fires this month so I can't recommend them. But this is the gambling thread and I'll readily admit I've put $300 on black and I'm putting $40/mo into it because lol but not expecting any kind of return for at least 24 months My unsolicited advice is buy losers like AHT or $GOON before buying PCE. But neither of those will likely pay dividends in our lifetime Hadlock fucked around with this message at 23:18 on Jul 24, 2021 |
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Jul 24, 2021 23:15
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Hadlock posted:Pg&e exited bankruptcy a couple weeks ago. Pg&e goes through bankruptcy every 20-40 years, but they're the largest private landowner in California + society would collapse without electricity Message received loud and clear, all in on pg&e
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Jul 25, 2021 03:03
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The Big Jesus posted:Message received loud and clear, all in on pg&e
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Jul 25, 2021 04:10
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Hadlock posted:KING and NOBL are divided aristocrat ETFs if you want to get the dividends without doing the homework took me a bit but it KNGS not KING...
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Jul 25, 2021 06:22
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Cacafuego posted:
Honestly $GOON2 might pay out sooner than AHT? AHT has that predatory shareholder, whereas $GOON2 is a fortune 200 company. Bonus: it's a two time convicted felon, and the news about it is pretty entertaining as they're the chronicle's go-to punching bag when it's a slow news day, plus wildfire stuff I was looking for a second weekend project, I guess I can write a thing that lets you generate arbitrary ETFs and $STAIR could be a combination of NDRA/AHT/PCG as an initial case  edit: I'm also holding several calls for $DIDI subscribe to my newsletter Hadlock fucked around with this message at 06:56 on Jul 25, 2021 |
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Jul 25, 2021 06:48
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PG&E? That's small potatoes. I'm handing over my entire paycheck to Clown Hitler, the baby-eating inventor of the spam call. His personal politics are bad, but if his plan to poison every puppy is successful then I'm going to be a millionaire.
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Jul 25, 2021 07:00
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Duh, the AMC stuff was a Wash Sale. I made a ton of money on it during 2 swings, but have been losing ever since, every time I sell they are booking huge losses on paper for next year, oh well. Thanks for the Dividend tips, that seems safe and really smart for retirement, long term.
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Jul 25, 2021 13:31
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I am really hoping my P/L on eTrade is accurate in terms of tracking wash sales and what not. Individual transactions will be marked as a wash and will show what my deferred loss is so I'm assuming the numbers are correct. Im really nervous about taxes next year, everything I can see says I am setting enough aside but I really should just hire an accountant. gently caress taxes. You didn't diamond hand those stonks uncle Sam 🤨
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Jul 25, 2021 15:34
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Best Tax/Stock story I have is when I had some RSUs that vested and Fidelity just don’t bother putting the cost basis on the 1099-B so you have to manually work it out yourself since they leave it blank. So if you just copy the numbers over from the form to your return without reading how RSUs are reporting the IRS sends you a nasrygram years later for income tax you already paid on the vested RSUs because it is up to you to put the correct cost basis in as it is to hard for large investment service provider to do that for you. Had to amend the return, send a long letter back to the IRS pointing out the cost basis and the number of shares withheld to pay income tax etc… just a pain but I can see some people getting a $25k demand with less than a month to pay on it and just freaking out.
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Jul 25, 2021 15:44
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Jul 25, 2021 15:59
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Michael Corleone posted:Duh, the AMC stuff was a Wash Sale. I made a ton of money on it during 2 swings, but have been losing ever since, every time I sell they are booking huge losses on paper for next year, oh well. Thanks for the Dividend tips, that seems safe and really smart for retirement, long term. Losses realized on AMC at this time will go on your 2021 taxes… not next year
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Jul 25, 2021 16:00
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You people actually have to deal with this poo poo? I can just log on to the tax website where the government already worked it out and click the "yea looks good to me mate" button.
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Jul 25, 2021 16:15
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In the US pretty much everyone has to file taxes every year because there is an entire industry around people doing it who lobby to keep it that way because money.
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Jul 25, 2021 16:35
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Mymla posted:You people actually have to deal with this poo poo? I can just log on to the tax website where the government already worked it out and click the "yea looks good to me mate" button. The US tax code is 6,560 pages long. Yes I am serious. Also with my SPY calls being basically ATM this week is gonna be either very much fun or definately not very much fun. 
cr0y fucked around with this message at 17:24 on Jul 25, 2021 |
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Jul 25, 2021 17:17
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BigPaddy posted:In the US pretty much everyone has to file taxes every year because there is an entire industry around people doing it who lobby to keep it that way because money. It's really a testament to how cheap it is to buy the US government. It's not like banking, or energy, or health care, or the military-industrial complex, where the rentiers are protecting trillion dollar feed troughs. Tax prep industry revenue in 2020 was $11 billion dollars. Similar sized industries: trade shows/conventions, check cashing, tooth whitening.
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Jul 25, 2021 17:26
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if goons are bandwagoning onto pg&e i look forward to it's breakup and nationalization in the next two months
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Jul 25, 2021 18:05
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cr0y posted:The US tax code is 6,560 pages long. why have you circled some of these
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Jul 25, 2021 19:38
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Tokyo Sex Whale posted:It's really a testament to how cheap it is to buy the US government. It's not like banking, or energy, or health care, or the military-industrial complex, where the rentiers are protecting trillion dollar feed troughs. Tax prep industry revenue in 2020 was $11 billion dollars. Similar sized industries: trade shows/conventions, check cashing, tooth whitening. Tax prep industry obviously lobbies in favor of complicated taxes, but that's far from the only reason we have complicated taxes;
There's probably more reasons but those are the big ones that are obvious to me. If we eliminated Intuit et. al. tomorrow, not one drat thing would change about our complicated tax situations.
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Jul 25, 2021 19:53
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Tokyo Sex Whale posted:It's really a testament to how cheap it is to buy the US government. It's not like banking, or energy, or health care, or the military-industrial complex, where the rentiers are protecting trillion dollar feed troughs. Tax prep industry revenue in 2020 was $11 billion dollars. Similar sized industries: trade shows/conventions, check cashing, tooth whitening. It's less that it's been bought and more that it just isn't really noteworthy. Most people hate doing their taxes but have accepted it. There just isn't any sort of groundswell of support for changing the taxing apparatus the way there is for healthcare or what have you. If it actually became an issue it would probably get changed pretty drat quick. Neither side of the aisle is going to bat for h&r block or intuit
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Jul 25, 2021 19:56
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Mymla posted:You people actually have to deal with this poo poo? I can just log on to the tax website where the government already worked it out and click the "yea looks good to me mate" button. Yes, in the US we're required to send the IRS a bunch of paperwork, most of which the IRS already has a copy of.
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Jul 25, 2021 19:57
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The thing is at the end of the day most people are spending maybe half an hour a year and like $20 to file taxes, which means the level of caring for the average person is extremely low.
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Jul 25, 2021 20:29
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Leperflesh posted:Tax prep industry obviously lobbies in favor of complicated taxes, but that's far from the only reason we have complicated taxes; The complexity of the tax code is a different issue. There's 20 year old legislation that would make Turbotax et al obsolete and periodic pushes to get the IRS program implemented and for a few million a year in lobbying costs the tax preparers have managed to keep it in drydock. https://www.nbcnews.com/business/taxes/turbotax-h-r-block-spend-millions-lobbying-us-keep-doing-n736386 https://www.propublica.org/article/filing-taxes-could-be-free-simple-hr-block-intuit-lobbying-against-it https://sunlightfoundation.com/2013/04/15/tax-preparers-lobby-heavily-against-simple-filing/ https://www.theverge.com/2020/1/1/21045779/irs-turbotax-free-file-h-r-block-tax-preparation-new-rules I guess the last link means the situation is improving since the IRS is now allowed to develop their own filing software and is pushing back against the tax preparers hiding that you can file your taxes for free.
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Jul 25, 2021 20:35
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Michael Corleone posted:I will be liquidating my stocks on Monday when they are all sold and settled, so cool it! What I don't understand is how they have me booked at a 350ish gain and I lost about 175ish so idk. I have deferred losses for next year I guess, looks like it adds up. Also, I sold my AMC stock for -140ish (lol) and they booked it as -600 something. Oh well. Thanks for putting up with me, probably going to go to the real stock thread from now on. Are there actually dividend stocks that will pay out 2.5%ish or more a year and stay steady or increase. Going to me much smarter now. Oscar Wild posted:Do you know what a wash sale is? Did you experience a wash sale? Michael Corleone posted:I do and don't believe so. It isn't much gain so I don't care, taxes should sort themselves out. Michael Corleone posted:Duh, the AMC stuff was a Wash Sale. I made a ton of money on it during 2 swings, but have been losing ever since, every time I sell they are booking huge losses on paper for next year, oh well. Thanks for the Dividend tips, that seems safe and really smart for retirement, long term. I give up.
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Jul 25, 2021 21:10
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GhostofJohnMuir posted:if goons are bandwagoning onto pg&e i look forward to it's breakup and nationalization in the next two months From your lips to God's ears. 
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Jul 25, 2021 21:13
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GhostofJohnMuir posted:if goons are bandwagoning onto pg&e i look forward to it's breakup and nationalization in the next two months Ok well now I'm DEFINITELY buying PG&E so those silly Californians can get a taste of the absolute glory of Tennessee's socialist power grid and piss cheap 2gig internet.
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Jul 25, 2021 21:19
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A HORNY SWEARENGEN posted:Ok well now I'm DEFINITELY buying PG&E so those silly Californians can get a taste of the absolute glory of Tennessee's socialist power grid and piss cheap 2gig internet. The TVA was where America peaked.
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Jul 25, 2021 21:27
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Michael Corleone posted:Duh, the AMC stuff was a Wash Sale. I made a ton of money on it during 2 swings, but have been losing ever since, every time I sell they are booking huge losses on paper for next year, oh well. I'm not sure you know how a wash sale works, still either that or I don't (as someone who got his rear end handed to him by the wash sale rule once, I think I do) EDIT: Yep, I do understand it correctly. Makes me wonder how many of these stimmy RH traders are going to get rekt by the wash sale rule and not know it. Gonna be a bad surprise come tax time. 4/20 NEVER FORGET fucked around with this message at 21:39 on Jul 25, 2021 |
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Jul 25, 2021 21:33
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Oscar Wild posted:I give up. This seems to be the conclusion that everyone who tries to help MC eventually reaches.
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Jul 25, 2021 23:00
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NDRA Goons....do you feel it.....a warm breeze coming from somewhere out on the horizon.....it brings the scent of glory. Are you ready?
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Jul 26, 2021 00:40
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Surprisingly Dope posted:NDRA Goons....do you feel it.....a warm breeze coming from somewhere out on the horizon.....it brings the scent of glory. Are you ready? That's just California on fire again thanks to our friends at $PGC
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Jul 26, 2021 00:53
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To the moon!
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Jul 26, 2021 01:11
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