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When one of my Options holdings expire worthless, what Action should be chosen?

Thom Ianniccari

If I BOUGHT an option and then it expires worthless, is remove shares, sell shares for $0???

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Comments

K.O. (Win-Premier)

Sell shares at $0.

Thom Ianniccari

KO obviously you did not read my comment above. However, i located the error and corrected the issue.
Quicken should have an Action called Options Expired or some such.

NotACPA

Why create a new action, when Sell At $0 does what you need.

And " is remove shares, sell shares for $0???" is incoherent. KO replied with an answer anyway.

Thom Ianniccari

I finally deleted the buy and sell transactions and entered them manually. Problem solved. It appears the problem occurred after an upgrade to the Quicken software obviously had a glitch.

volvogirl

You didn't mention any problem you were having. Just asked what to use to record it. I think you were missing the word "or" between remove shares and sell shares.

Jim_Harman

Or perhaps he meant, "Is remove shares the same as sell shares for $0?"