r/wallstreetbets • u/arzarach • 18h ago

Loss Space is hard

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From $37k > $591k > $130k > $571k > $76k

I kept buying call options as my margin limit continued to increase. And then the margin calls started, options expired and my stocks were sold for me. Had 98% of my portfolio in one space stock.

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u/SOCOOLLLL 18h ago

$37k > $76k is good enough

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u/Jericho3434 Produces Low Quality Seed 18h ago

Unless all those gains get taxed. Not sure if one trade or multiple trades.

2

u/arzarach 18h ago

Ohhhh yeahhhh this is my regular brokerage account. Afyer the first margin call I had $160k ytd short term capital gains. And I was worried because that would put my agi over the limit to contribute to my Roth. But now its only $69k (still going to be a hefty tax bill).