what are you selling today?

[Milu]

53 minutes ago, Paarslaars said:

 

Tax on capital gains in Belgium is 0 (so far), government is looking into it though.

Quite the outlier in Europe. Wonder what the background is on that, has there ever been a cgt tax in Belgium before, and is there some other rules where they end up getting their cut somehow? Might make more sense for the wealthy Europeans to start moving to Belgium rather than Monaco or Switzerland!

[Paarslaars]

There are certain limitations. Basically they don't want to tax the good household dad. So if you hold stocks for +/- 1 year or longer, gains are not taxed. If you do more speculative trades, it is taxed in theory but in practice only if you make enough money with it that the tax department notices.

 

Dividends are taxed at 30% though.

[lnofeisone]

Shorted some UNG calls.

[Kizion]

14 hours ago, lnofeisone said:

Shorted some UNG calls.

 

Interesting, could you share your thesis? Too much run up in past weeks? 

Looks still on lowish side if you zoom out a few years (excluding the peak due to UK-RU). 

Edited 19 hours ago by Kizion

[lnofeisone]

5 hours ago, Kizion said:

 

Interesting, could you share your thesis? Too much run up in past weeks? 

Looks still on lowish side if you zoom out a few years (excluding the peak due to UK-RU). 

I opportunistically short UNG. Usually my set up is simple. Nat gas needs to be in backwardation, run up 30-40% from the lows (first short tranche) or 100% from the lows (second short tranche), and UNG needs to start rolling its contracts (which they started yesterday). 

 

I hold the short for about a week (sometimes longer if it runs away) because that's roughly how long it takes for UNG to sell its front-month and reload on future months. 

 

If all 3 things are true, I have a good betting average on these shorts. Incidentally, this trade worked out faster than I thought so I closed most of the position.