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Selling Options on Futures?


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Selling Options on Futures?

 
 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

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