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2021-06-25

[Smile]

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2021-06-24

[Happy]

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2021-06-22

[Cool]

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2021-06-22

[What]

Biden's top tax rate on capital gains, dividends would be among highest in developed world

2021-06-22

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2021-06-22

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2021-06-21

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2021-06-21

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2021-04-17

wow

$544 Billion In Options Expire Today: Here's What Will Move

2021-03-26

interesting article

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2021-03-26

👍 nice

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21:17","market":"us","language":"en","title":"Biden's top tax rate on capital gains, dividends would be among highest in developed world","url":"https://stock-news.laohu8.com/highlight/detail?id=1194003246","media":"cnbc","summary":"KEY POINTS\n\nPresident Joe Biden proposed a top federal tax rate of 39.6% on long-term capital gains ","content":"<div>\n<p>KEY POINTS\n\nPresident Joe Biden proposed a top federal tax rate of 39.6% on long-term capital gains and qualified dividends. With average state taxes and a 3.8% federal surtax, the wealthiest people ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/biden-tax-plan-raises-top-capital-gains-dividend-tax-rate-to-among-highest-in-world.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden's top tax rate on capital gains, dividends would be among highest in developed world</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden's top tax rate on capital gains, dividends would be among highest in developed world\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/biden-tax-plan-raises-top-capital-gains-dividend-tax-rate-to-among-highest-in-world.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nPresident Joe Biden proposed a top federal tax rate of 39.6% on long-term capital gains and qualified dividends. With average state taxes and a 3.8% federal surtax, the wealthiest people ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/biden-tax-plan-raises-top-capital-gains-dividend-tax-rate-to-among-highest-in-world.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/06/21/biden-tax-plan-raises-top-capital-gains-dividend-tax-rate-to-among-highest-in-world.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1194003246","content_text":"KEY POINTS\n\nPresident Joe Biden proposed a top federal tax rate of 39.6% on long-term capital gains and qualified dividends. With average state taxes and a 3.8% federal surtax, the wealthiest people would pay almost 49% total.\nOnly Ireland has a higher top rate – 51% on dividends.\nThere are many caveats. Perhaps most important, the highest U.S. rate applies to relatively few people, the top 0.3%. In other countries, the top rate applies across a broader pool of taxpayers.\n\nThe U.S. would tax capital gains and dividends for the rich at among the highest rates in the developed world if President Joe Biden's proposal were enacted.\nThe top rate high-earning Americans pay on dividends and the sale of appreciated assets would jump to nearly 49%, when combining all federal and state taxes, according to the Tax Foundation.\nTop tax rates on long-term capital gains for individuals in developed countries\nThe U.S. would have the highest top capital-gains tax rates among OECD countries if President Biden's proposal were enacted. The 48.6% rate includes a 3.8% net investment income tax and states' average top rate. It would apply to those with more than $1 million of income.\nNote: Data as of April 2021. Tax rates represent the top marginal capital-gains rates individuals paid for long-held shares. Include exemptions and surtaxes. Tax base and holding period vary between countries. U.S. rate includes state deductions for federal income taxes. Source: Tax Foundation, Bloomberg Tax, PwC\nIreland is the only other developed nation to levy a higher tax on investment income – 51% on dividends. But when it comes to capital gains, the U.S. would claim the highest top rate, according to Tax Foundationdata.\n(Unlike the U.S., many countries tax capital gains and dividends at different rates.)\n“If the [Biden] proposal went through, we’re right at the top of the world,” according to James Hines Jr., a law and economics professor at the University of Michigan and research director at its Office of Tax Policy Research.\nTop tax rates on dividends for individuals in developed countries\nThe U.S. would have one of the highest top dividend tax rates among OECD countries if President Biden's proposal were enacted. The 48.6% rate includes a 3.8% net investment income tax and states' average top rate. It would apply to those with more than $1 million of income.\nNote: Data as of April 2021. Tax rates represent the top marginal rate individuals paid on dividends. Include credits and surtaxes. U.S. rate includes state deductions for federal income taxes. *Japan rate for 2020. Current-year rate not available in the OECD dataset. Source: Tax Foundation, OECD\nThe U.S. currently taxes qualified dividends and long-term capital gains for the wealthiest citizens at about 29%. (Again, that’s a combined rate that includes state and federal taxes.)\nThat levy is about average among the 37 nations in the Organization for Economic Co-operation and Development, according to tax experts.\nThe top 0.3%\nOf course, there are many caveats to this analysis.\nIt’s difficult to compare tax burdens across countries due to extreme variation in certain details, according to experts.\nFor one, the top U.S. rate would apply to relatively few taxpayers each year. Other developed countries impose their top tax rate on a broader pool of people.\nThe Biden administration policy targets the richest Americans — the top 0.3% — because they are often able to manipulate the tax system in their favor, according to a White House official. It’s therefore unfair to compare the top tax rate more broadly, the official said.\nA recent ProPublicareportfound that some of the world’s wealthiest executives — like Warren Buffett, Jeff Bezos, Michael Bloomberg and Elon Musk —pay little to no taxes compared to their wealth.\nThe wealthiest taxpayers often receive income from so-called “capital income” like interest, dividends and capital gains.\nBiden’s proposal would raise the top federal rate on long-term capital gains and qualified dividends to 39.6%, from 20%, for taxpayers with annual income over $1 million.\n(Under current law, a 3.8%net investment income taxalso applies to taxpayers with more than $200,000 of income and married couples with more than $250,000. Most states also impose a separate tax on capital gains and dividends — the average top state rate is 5.2%,accordingto the Tax Foundation.)\nCombined, that yields a top rate of 48.6%.\nDenmark and Chile are the only other developed nations with a capital-gains tax rate of at least 40%. And relative to dividends, that’s true for just three countries: Ireland, Korea and Denmark.\nBiden’s proposal is part of a broader plan toraise taxes for households making more than $400,000 a year, to help fund domestic initiatives that largely benefit the low and middle class. The plan would change capital gains taxes in other ways, too, including taxing appreciated assets upon an owner’s death.\nProgressive tax system\nBut most Americans would pay a much lower federal tax rate than the headline top rate.\nIndeed, the U.S. capital-gains tax regime is progressive relative to other countries, according to Garrett Watson, a senior policy analyst at the Tax Foundation.\nSingle taxpayers with between roughly $40,000 and $446,000 of income pay 15% on their long-term capital gains or dividends in 2021. Those with less income don’t pay any taxes.\n\n The top bracket includes a lot of people in the U.K., whereas that wouldn’t be true in the U.S.James Hines Jr.RESEARCH DIRECTOR AT THE UNIVERSITY OF MICHIGAN’S OFFICE OF TAX POLICY RESEARCH\n\nBut France, for example, has a flat 30% tax rate on capital gains and dividends — meaning it applies to everyone regardless of income. (High earners pay an additional 4%.) The Netherlands, Israel, Germany, Japan and Hungary also impose a flat tax.\nEven in nations without a flat tax, their top rate may include a broader swath of the population.\n“The top bracket includes a lot of people in the U.K., whereas that wouldn’t be true in the U.S.,” Hines said.\nAlso, rules across developed countries may bump their tax rates up to levels higher than they might initially appear.\nFor example, nine OECD countries — Belgium, the Czech Republic, Korea, Luxembourg, New Zealand, Slovakia, Slovenia, Switzerland and Turkey — have a 0% tax on capital gains.\nBut they do tax dividends. And some levy a tax if the asset isn’t held for a certain length of time. In Slovenia, for example, the 0% tax only applies to assets held for at least 20 years. Rates could be as high as 27.5% for shorter holding periods.\nU.S. states\nPlus, U.S. states vary greatly in how they tax capital gains and dividends, according to Hines.\nFor example, residents of Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington state and Wyoming wouldn’t owe additional state tax on capital gains,accordingto the Tax Foundation.\nTheir top rate under Biden’s proposal would be 43.4% (which includes the 39.6% federal rate and the 3.8% net investment income tax). By comparison, California, New York, and New Jersey would have combined rates of more than 54% for the wealthiest residents.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":935,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120336699,"gmtCreate":1624296997811,"gmtModify":1634008181798,"author":{"id":"3575607287886909","authorId":"3575607287886909","name":"etjj","avatar":"https://static.tigerbbs.com/3d58f4dd5bd18d1fb2d2fcdf93d9c6c9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575607287886909","authorIdStr":"3575607287886909"},"themes":[],"htmlText":"✌️","listText":"✌️","text":"✌️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120336699","repostId":"1127414335","repostType":4,"isVote":1,"tweetType":1,"viewCount":828,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120338980,"gmtCreate":1624296802940,"gmtModify":1634008182600,"author":{"id":"3575607287886909","authorId":"3575607287886909","name":"etjj","avatar":"https://static.tigerbbs.com/3d58f4dd5bd18d1fb2d2fcdf93d9c6c9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575607287886909","authorIdStr":"3575607287886909"},"themes":[],"htmlText":"[Angry]&nbsp;","listText":"[Angry]&nbsp;","text":"[Angry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120338980","repostId":"2145084835","repostType":4,"isVote":1,"tweetType":1,"viewCount":887,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167811279,"gmtCreate":1624257954091,"gmtModify":1634008771926,"author":{"id":"3575607287886909","authorId":"3575607287886909","name":"etjj","avatar":"https://static.tigerbbs.com/3d58f4dd5bd18d1fb2d2fcdf93d9c6c9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575607287886909","authorIdStr":"3575607287886909"},"themes":[],"htmlText":"[Surprised]&nbsp;","listText":"[Surprised]&nbsp;","text":"[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167811279","repostId":"2145707639","repostType":4,"isVote":1,"tweetType":1,"viewCount":1004,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167813800,"gmtCreate":1624257814400,"gmtModify":1634008772892,"author":{"id":"3575607287886909","authorId":"3575607287886909","name":"etjj","avatar":"https://static.tigerbbs.com/3d58f4dd5bd18d1fb2d2fcdf93d9c6c9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575607287886909","authorIdStr":"3575607287886909"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167813800","repostId":"2145083140","repostType":4,"isVote":1,"tweetType":1,"viewCount":757,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370718644,"gmtCreate":1618626436788,"gmtModify":1634291684225,"author":{"id":"3575607287886909","authorId":"3575607287886909","name":"etjj","avatar":"https://static.tigerbbs.com/3d58f4dd5bd18d1fb2d2fcdf93d9c6c9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575607287886909","authorIdStr":"3575607287886909"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/370718644","repostId":"1175692875","repostType":4,"repost":{"id":"1175692875","kind":"news","pubTimestamp":1618582708,"share":"https://www.laohu8.com/m/news/1175692875?lang=&edition=full","pubTime":"2021-04-16 22:18","market":"us","language":"en","title":"$544 Billion In Options Expire Today: Here's What Will Move","url":"https://stock-news.laohu8.com/highlight/detail?id=1175692875","media":"zerohedge","summary":"While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire","content":"<p>While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.</p><p><b>In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.</b>As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.</p><p>How to trade this?</p><p>As Goldman's Vishal Vivek writes, at major expirations, options traders track situations where<b>a large amount of open interest is set to expire.</b>In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.</p><p>What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.</p><p>So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"<i>expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"</i></p><p><img src=\"https://static.tigerbbs.com/0dac61cb87c2f2700d8a0e8e64324f81\" tg-width=\"500\" tg-height=\"638\" referrerpolicy=\"no-referrer\">Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"</p><p>According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).<b>These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX&nbsp; (i.e. implied volatility) reversed.</b></p><p><img src=\"https://static.tigerbbs.com/ae7a60d873792b825bdda669cafa0ed3\" tg-width=\"500\" tg-height=\"297\" referrerpolicy=\"no-referrer\">And one other curious observation from SpotGamma:</p><blockquote>When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. <b>We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.</b></blockquote><p>With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.&nbsp; Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.&nbsp; Additionally, gamma is higher when IV is lower so gamma flips may have more juice.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>$544 Billion In Options Expire Today: Here's What Will Move</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n$544 Billion In Options Expire Today: Here's What Will Move\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 22:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175692875","content_text":"While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.How to trade this?As Goldman's Vishal Vivek writes, at major expirations, options traders track situations wherea large amount of open interest is set to expire.In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX  (i.e. implied volatility) reversed.And one other curious observation from SpotGamma:When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.  Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.  Additionally, gamma is higher when IV is lower so gamma flips may have more juice.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":1685,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358732076,"gmtCreate":1616728997995,"gmtModify":1634524322073,"author":{"id":"3575607287886909","authorId":"3575607287886909","name":"etjj","avatar":"https://static.tigerbbs.com/3d58f4dd5bd18d1fb2d2fcdf93d9c6c9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575607287886909","authorIdStr":"3575607287886909"},"themes":[],"htmlText":"interesting article","listText":"interesting article","text":"interesting article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358732076","repostId":"2122239814","repostType":4,"isVote":1,"tweetType":1,"viewCount":853,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358792761,"gmtCreate":1616728244053,"gmtModify":1634524326454,"author":{"id":"3575607287886909","authorId":"3575607287886909","name":"etjj","avatar":"https://static.tigerbbs.com/3d58f4dd5bd18d1fb2d2fcdf93d9c6c9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575607287886909","authorIdStr":"3575607287886909"},"themes":[],"htmlText":"👍 nice","listText":"👍 nice","text":"👍 nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358792761","repostId":"1165338702","repostType":4,"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":126876681,"gmtCreate":1624553918943,"gmtModify":1634004403587,"author":{"id":"3575607287886909","authorId":"3575607287886909","name":"etjj","avatar":"https://static.tigerbbs.com/3d58f4dd5bd18d1fb2d2fcdf93d9c6c9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575607287886909","authorIdStr":"3575607287886909"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126876681","repostId":"1198422658","repostType":4,"isVote":1,"tweetType":1,"viewCount":1034,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121270504,"gmtCreate":1624468114908,"gmtModify":1634005646386,"author":{"id":"3575607287886909","authorId":"3575607287886909","name":"etjj","avatar":"https://static.tigerbbs.com/3d58f4dd5bd18d1fb2d2fcdf93d9c6c9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575607287886909","authorIdStr":"3575607287886909"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121270504","repostId":"2145531099","repostType":4,"isVote":1,"tweetType":1,"viewCount":1048,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120338980,"gmtCreate":1624296802940,"gmtModify":1634008182600,"author":{"id":"3575607287886909","authorId":"3575607287886909","name":"etjj","avatar":"https://static.tigerbbs.com/3d58f4dd5bd18d1fb2d2fcdf93d9c6c9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575607287886909","authorIdStr":"3575607287886909"},"themes":[],"htmlText":"[Angry]&nbsp;","listText":"[Angry]&nbsp;","text":"[Angry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120338980","repostId":"2145084835","repostType":4,"isVote":1,"tweetType":1,"viewCount":887,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370718644,"gmtCreate":1618626436788,"gmtModify":1634291684225,"author":{"id":"3575607287886909","authorId":"3575607287886909","name":"etjj","avatar":"https://static.tigerbbs.com/3d58f4dd5bd18d1fb2d2fcdf93d9c6c9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575607287886909","authorIdStr":"3575607287886909"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/370718644","repostId":"1175692875","repostType":4,"repost":{"id":"1175692875","kind":"news","pubTimestamp":1618582708,"share":"https://www.laohu8.com/m/news/1175692875?lang=&edition=full","pubTime":"2021-04-16 22:18","market":"us","language":"en","title":"$544 Billion In Options Expire Today: Here's What Will Move","url":"https://stock-news.laohu8.com/highlight/detail?id=1175692875","media":"zerohedge","summary":"While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire","content":"<p>While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.</p><p><b>In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.</b>As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.</p><p>How to trade this?</p><p>As Goldman's Vishal Vivek writes, at major expirations, options traders track situations where<b>a large amount of open interest is set to expire.</b>In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.</p><p>What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.</p><p>So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"<i>expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"</i></p><p><img src=\"https://static.tigerbbs.com/0dac61cb87c2f2700d8a0e8e64324f81\" tg-width=\"500\" tg-height=\"638\" referrerpolicy=\"no-referrer\">Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"</p><p>According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).<b>These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX&nbsp; (i.e. implied volatility) reversed.</b></p><p><img src=\"https://static.tigerbbs.com/ae7a60d873792b825bdda669cafa0ed3\" tg-width=\"500\" tg-height=\"297\" referrerpolicy=\"no-referrer\">And one other curious observation from SpotGamma:</p><blockquote>When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. <b>We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.</b></blockquote><p>With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.&nbsp; Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.&nbsp; Additionally, gamma is higher when IV is lower so gamma flips may have more juice.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>$544 Billion In Options Expire Today: Here's What Will Move</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n$544 Billion In Options Expire Today: Here's What Will Move\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 22:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175692875","content_text":"While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.How to trade this?As Goldman's Vishal Vivek writes, at major expirations, options traders track situations wherea large amount of open interest is set to expire.In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX  (i.e. implied volatility) reversed.And one other curious observation from SpotGamma:When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.  Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.  Additionally, gamma is higher when IV is lower so gamma flips may have more juice.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":1685,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120598852,"gmtCreate":1624326851276,"gmtModify":1634007746063,"author":{"id":"3575607287886909","authorId":"3575607287886909","name":"etjj","avatar":"https://static.tigerbbs.com/3d58f4dd5bd18d1fb2d2fcdf93d9c6c9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575607287886909","authorIdStr":"3575607287886909"},"themes":[],"htmlText":"[Cool]&nbsp;","listText":"[Cool]&nbsp;","text":"[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120598852","repostId":"1191349655","repostType":4,"isVote":1,"tweetType":1,"viewCount":1150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120336699,"gmtCreate":1624296997811,"gmtModify":1634008181798,"author":{"id":"3575607287886909","authorId":"3575607287886909","name":"etjj","avatar":"https://static.tigerbbs.com/3d58f4dd5bd18d1fb2d2fcdf93d9c6c9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575607287886909","authorIdStr":"3575607287886909"},"themes":[],"htmlText":"✌️","listText":"✌️","text":"✌️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120336699","repostId":"1127414335","repostType":4,"isVote":1,"tweetType":1,"viewCount":828,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167813800,"gmtCreate":1624257814400,"gmtModify":1634008772892,"author":{"id":"3575607287886909","authorId":"3575607287886909","name":"etjj","avatar":"https://static.tigerbbs.com/3d58f4dd5bd18d1fb2d2fcdf93d9c6c9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575607287886909","authorIdStr":"3575607287886909"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167813800","repostId":"2145083140","repostType":4,"isVote":1,"tweetType":1,"viewCount":757,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358792761,"gmtCreate":1616728244053,"gmtModify":1634524326454,"author":{"id":"3575607287886909","authorId":"3575607287886909","name":"etjj","avatar":"https://static.tigerbbs.com/3d58f4dd5bd18d1fb2d2fcdf93d9c6c9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575607287886909","authorIdStr":"3575607287886909"},"themes":[],"htmlText":"👍 nice","listText":"👍 nice","text":"👍 nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358792761","repostId":"1165338702","repostType":4,"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120332951,"gmtCreate":1624297107173,"gmtModify":1634008181105,"author":{"id":"3575607287886909","authorId":"3575607287886909","name":"etjj","avatar":"https://static.tigerbbs.com/3d58f4dd5bd18d1fb2d2fcdf93d9c6c9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575607287886909","authorIdStr":"3575607287886909"},"themes":[],"htmlText":"[What]&nbsp;","listText":"[What]&nbsp;","text":"[What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120332951","repostId":"1194003246","repostType":4,"repost":{"id":"1194003246","kind":"news","pubTimestamp":1624281440,"share":"https://www.laohu8.com/m/news/1194003246?lang=&edition=full","pubTime":"2021-06-21 21:17","market":"us","language":"en","title":"Biden's top tax rate on capital gains, dividends would be among highest in developed world","url":"https://stock-news.laohu8.com/highlight/detail?id=1194003246","media":"cnbc","summary":"KEY POINTS\n\nPresident Joe Biden proposed a top federal tax rate of 39.6% on long-term capital gains ","content":"<div>\n<p>KEY POINTS\n\nPresident Joe Biden proposed a top federal tax rate of 39.6% on long-term capital gains and qualified dividends. With average state taxes and a 3.8% federal surtax, the wealthiest people ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/biden-tax-plan-raises-top-capital-gains-dividend-tax-rate-to-among-highest-in-world.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden's top tax rate on capital gains, dividends would be among highest in developed world</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden's top tax rate on capital gains, dividends would be among highest in developed world\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/biden-tax-plan-raises-top-capital-gains-dividend-tax-rate-to-among-highest-in-world.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nPresident Joe Biden proposed a top federal tax rate of 39.6% on long-term capital gains and qualified dividends. With average state taxes and a 3.8% federal surtax, the wealthiest people ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/biden-tax-plan-raises-top-capital-gains-dividend-tax-rate-to-among-highest-in-world.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/06/21/biden-tax-plan-raises-top-capital-gains-dividend-tax-rate-to-among-highest-in-world.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1194003246","content_text":"KEY POINTS\n\nPresident Joe Biden proposed a top federal tax rate of 39.6% on long-term capital gains and qualified dividends. With average state taxes and a 3.8% federal surtax, the wealthiest people would pay almost 49% total.\nOnly Ireland has a higher top rate – 51% on dividends.\nThere are many caveats. Perhaps most important, the highest U.S. rate applies to relatively few people, the top 0.3%. In other countries, the top rate applies across a broader pool of taxpayers.\n\nThe U.S. would tax capital gains and dividends for the rich at among the highest rates in the developed world if President Joe Biden's proposal were enacted.\nThe top rate high-earning Americans pay on dividends and the sale of appreciated assets would jump to nearly 49%, when combining all federal and state taxes, according to the Tax Foundation.\nTop tax rates on long-term capital gains for individuals in developed countries\nThe U.S. would have the highest top capital-gains tax rates among OECD countries if President Biden's proposal were enacted. The 48.6% rate includes a 3.8% net investment income tax and states' average top rate. It would apply to those with more than $1 million of income.\nNote: Data as of April 2021. Tax rates represent the top marginal capital-gains rates individuals paid for long-held shares. Include exemptions and surtaxes. Tax base and holding period vary between countries. U.S. rate includes state deductions for federal income taxes. Source: Tax Foundation, Bloomberg Tax, PwC\nIreland is the only other developed nation to levy a higher tax on investment income – 51% on dividends. But when it comes to capital gains, the U.S. would claim the highest top rate, according to Tax Foundationdata.\n(Unlike the U.S., many countries tax capital gains and dividends at different rates.)\n“If the [Biden] proposal went through, we’re right at the top of the world,” according to James Hines Jr., a law and economics professor at the University of Michigan and research director at its Office of Tax Policy Research.\nTop tax rates on dividends for individuals in developed countries\nThe U.S. would have one of the highest top dividend tax rates among OECD countries if President Biden's proposal were enacted. The 48.6% rate includes a 3.8% net investment income tax and states' average top rate. It would apply to those with more than $1 million of income.\nNote: Data as of April 2021. Tax rates represent the top marginal rate individuals paid on dividends. Include credits and surtaxes. U.S. rate includes state deductions for federal income taxes. *Japan rate for 2020. Current-year rate not available in the OECD dataset. Source: Tax Foundation, OECD\nThe U.S. currently taxes qualified dividends and long-term capital gains for the wealthiest citizens at about 29%. (Again, that’s a combined rate that includes state and federal taxes.)\nThat levy is about average among the 37 nations in the Organization for Economic Co-operation and Development, according to tax experts.\nThe top 0.3%\nOf course, there are many caveats to this analysis.\nIt’s difficult to compare tax burdens across countries due to extreme variation in certain details, according to experts.\nFor one, the top U.S. rate would apply to relatively few taxpayers each year. Other developed countries impose their top tax rate on a broader pool of people.\nThe Biden administration policy targets the richest Americans — the top 0.3% — because they are often able to manipulate the tax system in their favor, according to a White House official. It’s therefore unfair to compare the top tax rate more broadly, the official said.\nA recent ProPublicareportfound that some of the world’s wealthiest executives — like Warren Buffett, Jeff Bezos, Michael Bloomberg and Elon Musk —pay little to no taxes compared to their wealth.\nThe wealthiest taxpayers often receive income from so-called “capital income” like interest, dividends and capital gains.\nBiden’s proposal would raise the top federal rate on long-term capital gains and qualified dividends to 39.6%, from 20%, for taxpayers with annual income over $1 million.\n(Under current law, a 3.8%net investment income taxalso applies to taxpayers with more than $200,000 of income and married couples with more than $250,000. Most states also impose a separate tax on capital gains and dividends — the average top state rate is 5.2%,accordingto the Tax Foundation.)\nCombined, that yields a top rate of 48.6%.\nDenmark and Chile are the only other developed nations with a capital-gains tax rate of at least 40%. And relative to dividends, that’s true for just three countries: Ireland, Korea and Denmark.\nBiden’s proposal is part of a broader plan toraise taxes for households making more than $400,000 a year, to help fund domestic initiatives that largely benefit the low and middle class. The plan would change capital gains taxes in other ways, too, including taxing appreciated assets upon an owner’s death.\nProgressive tax system\nBut most Americans would pay a much lower federal tax rate than the headline top rate.\nIndeed, the U.S. capital-gains tax regime is progressive relative to other countries, according to Garrett Watson, a senior policy analyst at the Tax Foundation.\nSingle taxpayers with between roughly $40,000 and $446,000 of income pay 15% on their long-term capital gains or dividends in 2021. Those with less income don’t pay any taxes.\n\n The top bracket includes a lot of people in the U.K., whereas that wouldn’t be true in the U.S.James Hines Jr.RESEARCH DIRECTOR AT THE UNIVERSITY OF MICHIGAN’S OFFICE OF TAX POLICY RESEARCH\n\nBut France, for example, has a flat 30% tax rate on capital gains and dividends — meaning it applies to everyone regardless of income. (High earners pay an additional 4%.) The Netherlands, Israel, Germany, Japan and Hungary also impose a flat tax.\nEven in nations without a flat tax, their top rate may include a broader swath of the population.\n“The top bracket includes a lot of people in the U.K., whereas that wouldn’t be true in the U.S.,” Hines said.\nAlso, rules across developed countries may bump their tax rates up to levels higher than they might initially appear.\nFor example, nine OECD countries — Belgium, the Czech Republic, Korea, Luxembourg, New Zealand, Slovakia, Slovenia, Switzerland and Turkey — have a 0% tax on capital gains.\nBut they do tax dividends. And some levy a tax if the asset isn’t held for a certain length of time. In Slovenia, for example, the 0% tax only applies to assets held for at least 20 years. Rates could be as high as 27.5% for shorter holding periods.\nU.S. states\nPlus, U.S. states vary greatly in how they tax capital gains and dividends, according to Hines.\nFor example, residents of Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington state and Wyoming wouldn’t owe additional state tax on capital gains,accordingto the Tax Foundation.\nTheir top rate under Biden’s proposal would be 43.4% (which includes the 39.6% federal rate and the 3.8% net investment income tax). By comparison, California, New York, and New Jersey would have combined rates of more than 54% for the wealthiest residents.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":935,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167811279,"gmtCreate":1624257954091,"gmtModify":1634008771926,"author":{"id":"3575607287886909","authorId":"3575607287886909","name":"etjj","avatar":"https://static.tigerbbs.com/3d58f4dd5bd18d1fb2d2fcdf93d9c6c9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575607287886909","authorIdStr":"3575607287886909"},"themes":[],"htmlText":"[Surprised]&nbsp;","listText":"[Surprised]&nbsp;","text":"[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167811279","repostId":"2145707639","repostType":4,"isVote":1,"tweetType":1,"viewCount":1004,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358732076,"gmtCreate":1616728997995,"gmtModify":1634524322073,"author":{"id":"3575607287886909","authorId":"3575607287886909","name":"etjj","avatar":"https://static.tigerbbs.com/3d58f4dd5bd18d1fb2d2fcdf93d9c6c9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575607287886909","authorIdStr":"3575607287886909"},"themes":[],"htmlText":"interesting article","listText":"interesting article","text":"interesting article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/358732076","repostId":"2122239814","repostType":4,"isVote":1,"tweetType":1,"viewCount":853,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}