er.. if U were with TDA US, U could easily move to TDA Asia (ie. SG) ma.
why bother with HLeB & iTrade?

FYI - i've HLeB, iTrade, OX & TDA Asia

For those worrying (maybe just me) about IRS' estate tax on NRA's "amount >USD60K"
Bolded = my highlighting of what i think is pertinent to IRS' categorised as NRAs (non-resident aliens), like me,.

Just to share on TDAmeritrade Asia (ie. SG) response on estate taxes (ie when i die, my assets with TDAA macam mana)
"
TD Ameritrade Asia Pte. Ltd. is registered with ACRA in Singapore and our accounts are considered as domiliced in Singapore. The assets in an account will be distributed in accordance with Probate after receipt of all required information. We are however not tax professionals and hence cannot confirm if US Estate Taxes will or will not apply to any single individual. Please consult a professional tax advisor on whether US Estate Tax applies to your personal tax profile.

Any Estate Tax payable in Singapore is a matter between the Estate and the IRAS. The following link may be of some assistance with respect to IRAS Estate Tax https://www.iras.gov.sg/irashome/Other-Taxe...ty/Estate-Duty/ however, we strongly recommend that you speak with your professional tax advisor to ensure you are fully informed.
"

Related to this? Direct from the horse's mouth (IRS)
https://www.irs.gov/uac/soi-tax-stats-nonre...-study-metadata

i keep stocks which i was assigned via selling Naked Puts (generally Dividend Aristocrats)
for Dividends
and for selling Covered Calls on them for premium
until... it gets called away..

This post has been edited by wongmunkeong: Mar 31 2017, 08:35 AM

hehe - simplistic but holistic

Got assigned CVX at $71 (assigned by Put buyer)
and rode her all the way to $112 (called away by Call buyer)
while getting dividends & premiums

similar with HCP, VGK, RSX
now hoping to be assigned for TGT

Gold bro
It's simple when U draw it out on paper. If U are around Klang Valley, for a dish of Hokkien Mee + Yin Yong Kong Fu Chow, i can bet U that U'll be able to absorb within 1 hr - especially if U have stocks long & short understanding.

The most confusing part for me (as a regular joe stock/mutual fund fler) was the REVERSAL of ideas - as a seller of PUTs and CALLs.

When it gelled, the light came on on how to use options WITH normal value investing + asset allocation.

This post has been edited by wongmunkeong: Mar 31 2017, 12:18 PM

--oops--

This post has been edited by wongmunkeong: Mar 31 2017, 12:18 PM

thank gawd for wild n crazy
without volatility / VIX high, how to make good $?

i've been zzzing AFTER 5am+ MY time (after US mkt's close) these past 2 days.. fun..
now on PURE caffeine power

DJIA i blur coz i deal mostly with SPY/SPX & it's related stocks & stocks' options, paiseh paiseh, skill/knowledge very small focus
yesterday SPY/SPX and SPY futures was still running negative/down until about 3am MY time.. then BOING sharply.. that's when i had time to start journaling all my trades for the day.. crazy night

This post has been edited by wongmunkeong: Feb 7 2018, 02:09 PM

yeah, SPX futures or /ES[H8] is showing -28.25 currently, most probably another swing down for today's opening
may the VIX & probabilities be with us

feeeding frenzy eh? hehe - i know the feeling
<burp> excuse me

If U mean transfer your stocks with Merill Lynch to a local securities firm, possible.

FYI - i've done THE OTHER way, ie. transfer my US listed stocks from CIMB iTrade --> TDAmeritrade (now TDAmeritrade SG)

Tsu-na-mi! Tsu-na-mi! Tsu-na-mi! <chants>

dang.. fell asleep early last night & missed MMM's tumble

MMM.. come to papa please
Sell PUT 165, 300 contracts $5.30 <hopes to be filled>.

165? er.. 165 vs 219 (high-est) = 24.66% drop.
I'm willing to buy & hold MMM if be assigned. If not assigned.. suffer the premium received only lor

is gud - else MMM's price wont fall
note - i'm a bottom-feeder. eg. CVX at $70 during oil lelong time

er.. to me, wrong question since it isnt a falling knife but a "temporary issue" with a good biz. if "no issue", price will always be raging high.

i'm definitely not into "buy high, sell higher" nor "sell and wait for markets/stock to stablize/recover". it's easier for me to shoot "winded/weakened targets" +i'm not trading, i'm looking to buy & hold, thus my targets are already pre-filtered for good times & bad times

bro - keyword from Damooncake (pls correct me if misunderstood) is: SELL options, dont' BUY

selling options, especially selling PUT options, on stocks U want to collect anyways = a good way to get paid while waiting for market price of that stock to reach your wanted buy price, ie. sell PUT at STRIKE price that U want to buy that stock at.

no worries bro - we're all here to learn & share our experiences.
what's right for one, may not fit another too

To add to the sharing above:
1. The more FEAR in the markets, the HIGHER the premiums U can get as a seller,
eg if I sold a 50 day contract 150 strike price on MMM last week, can get $6.00 (*100 units per contract)
VS
if i sold the same expiry & strike price contract yesterday, i can get $8.00 (*100 units per contract)

2. Usually, the more days to expiry (DTE), the higher the premium U can get as a seller.

3. Premiums are NOT taxable on NRA (Non Residential Aliens) VS dividends are taxed 30%, thus collecting premium may be more worthwhile in addition to getting dividends IF the stock is PUT/ASSIGNED to U - usually when market price < strike price sold.

Damooncake's method seems similar to mine coz we sell PUTs on stocks we want to collect anyway, at strike prices we want to pay anyway.
Thus, U need to be able to "pickup" the stocks (U need enough capital) if your option contracts are ASSIGNED. THen turn around and SELL CALLs at prices U are OK to sell the stock for

i'm getting itchy now heheh - MMM, XOM, CVX even SPY & NOBL

This post has been edited by wongmunkeong: Feb 25 2020, 12:52 PM

Buy PUT contracts on the same strikeprice & expiry date.
ie. Buy contracts cancels Sell contracts, 1 for 1, BuyToClose (BTC)

however, i'm not doing that since i want to collect the stock if buyer of my PUTs assign me, thus, moot. my approach is as an investor, not a trader. i really want those stock, at those prices - getting paid premiums while waiting makes me happy,
AND
when i get assigned the stocks, i can then sell some covered Calls for extra returns on top of their dividends. Yes, some stocks do get called away but it was for a profit +extra returns via premiums on top of dividends.

looking at Damooncake's sharing - i think his method is similar to mine.
ie. by the time we are assigned, those prices are at bleeding edge liao AND we'd have collect premiums (cash) up front several times over while waiting - sold many contracts with different DTEs (Date To Expiry) as we wait to be assigned
THEN
turn around and sell covered calls at strikeprices we're willing to give up the stock - ie. over valued

no absolute right/wrong ya - different strokes for different folks

PS: selling stock options - U put time decay working backwards (count down to 0 days to expiry) for U
holding stocks - U also put time working for U FORWARD too
it's just the opposite ends - good info?
come on - the possibilities above is worth at least one dry + one wet BKT with yau chau kuey right?

hheheh - less fear = prices of puts goes lower
but
if one already sold PUTs, premium $ in pocket liao, no biggie
if one trying to sell PUTs with less fear in markets, then can get less premium

also after selling a PUT
if prices goes up or stays sideways. doesnt fall below strikeprice, by expiry date, zzz - collect premium only.
VS
if prices does fall below strikeprice AND assigned = dang i got the stock i wanted at the price i wanted BUT market values the stock lower that the price i paid.
Uh huh.. sounds the same if i were to use normal buy orders for buying stocks, which i dont get paid premiums while hoping/waiting for umpteenth months/years

does the possibilities start to light up even more now?
BKT very hard to mooch off people these days

This post has been edited by wongmunkeong: Feb 25 2020, 11:13 PM