Efficient way to set aside money for taxes
Hi all,
In my trading account I purchase SPYM with my money and use margin to sell naked CSPs to make extra money.
With any profits I try to buy more SPYM.
This is the first year where I will owe taxes. I am trying to understand what would be the best way to take tax payments out of my account?
Should I sell my SPYM to take the money out?
Or should I purchase SGOV monthly or quarterly to set aside tax deductions? I worry that SGOV won't provide me the margin for the first month.
Are there any other better approaches?
Thank you all
(PS. I recognize that my trading strategy has significant risks)
Posted Dec 4, 2025, 2:39 AM UTC
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