There's plenty of things to blast these shitbags for but this isn't one of them. Any one of you who have a portfolio of any size engages in hedging activities, knowingly or unknowingly.
Example, you hold 100k long, and are up big... instead of selling and creating a tax event that could turn a capital gain into an income gain, you would add a leveraged hedge to keep your gains if the market corrects.
It's not a short against the economy or anything else because the long is greater.
Source: I hold a lot of TSLA and trade in and out of TSLAQ all the time.
There's plenty of things to blast these shitbags for but this isn't one of them. Any one of you who have a portfolio of any size engages in hedging activities, knowingly or unknowingly.
Example, you hold 100k long, and are up big... instead of selling and creating a tax event that could turn a capital gain into an income gain, you would add a leveraged hedge to keep your gains if the market corrects.
It's not a short against the economy or anything else because the long is greater.
Source: I hold a lot of TSLA and trade in and out of TSLAQ all the time.
Is that a taxable event?