Hi all,
Just looking for some general advice on finding a good brokerage/way to trade as a US Citizen residing in Japan.
Let's say in theory I wanted to get started on day trading options/naked calls of SPX. Of course finding a brokerage is hard in Japan as an American/overseas citizen, especially since Schwab stopped offering accounts. I do have Interactive Brokers though for ETFs.
Is it possible for me to trade options/naked calls on SPX without triggering PFICs or other tax consequences that would be a headache/wouldn't normally be covered by standard accounting?
Bonus: Is anyone a wizard with day trading/recommend any indicators or setup for specific applications if that's good.
Just trying to find my footing here. If I can't do this I'm not exactly sure how I can invest while in Japan…
Edit: I did read some stuff about this but now that the transition to IBKRJ is completed I'd like to bring this up again incase new options exist (excuse the pun) or implications are there I don't know about.
by ExPatriot0