Buddy asked:


For index option trading, there is a 60/40 rule. 60 percent of the profit is considered long term capital gain. 40 percent is considered short term capital gain. Does anyone how to report this in turbox so that turbotax knows the 60 percent part is for long term capital gain?

Thanks.
Thanks.

BTW, I use turbotax online. How do I manually override with “long term capital gain”?

Mark W asked:


I am trying to learn more about option trading. I know how to use calls and puts and have made money doing this. But I now want to get involved in straddles, spreads and selling options. So if I am using a straddle how do I unwind from the negative side of the straddle when the stock is moving away from that side? How do I use a spread and how do I sell a seccessful option?

Tessie asked:


I just learn option trading and I don’t know how to use the call spread. Any ideas? Thanks.

M45goi89 asked:


I’m looking for a free, no obligation site. I know very little about option trading and would like to learn simplified methods from the beginning.

mimi asked:


I think I understand the basics of option trading like calls and puts. What I need help is why an option May put has a strike price of 55 when it’s underlying stock is at 52.03 in Feb? Isn’t the put for buying it down?

▲ßûІІѕ vş ßèāŗѕ▼ asked:


I see my account is set up for that and also for margin trading.

do I have to go through broker for option trading or i can do everything online myself without dealing with them?
If i want to get long term APPL option today how much would it cost and how to start?