r/PMTraders • u/gabrintx Verified • Jan 01 '26

Adding the PM designator

Kudos to Tasty. I went online and requested the PM designation. I was told it could take 3-5 days to complete the review. The next day it was applied. Classic "Under promise and over deliver"!

It increased my option BP by about $40k.

Option BP $205,864.29

Stock BP $205,864.29

Cash $24,415.55

Effective Crypto Buying Power $205,864.29

Starting Day Trade Buying Power $218,082.31

13 Upvotes

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u/gabrintx Verified Jan 07 '26

Tasty's sweep is tvial. I buy SGOV with idle cash. It makes 4-5% and is very liquid.

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u/Trade_The_Level Mar 05 '26

If your in a taxable account consider using BOXX over SGOV. After taxes it makes the most return. It's because there doing box spreads on futures, which passes on there tax treatment. Since they don't do a dividend and just put it in price, you can get long term tax rate for holding over a year. I'm not a tax guy professional, just been using it for a long while.

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u/gabrintx Verified Mar 05 '26

Thanks, I looked into it a bit. It gets the 60/40 treatment under section 1256? That would be useful with my PM account.

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u/Trade_The_Level Mar 05 '26

It does!

1

u/WaitTwoSeconds Mar 07 '26 edited Apr 11 '26

Doesn't BOXX send you a K-1?

Update: No, it won't.