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I sold a Put option how do I record this in quicken?

Amy

I sold a Put option and need to know how to reflect this in Quicken and then what do I do if it expires or if it is exercised and I receive the stock?

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Accepted answers

NotACPA

NO, I'd go to your brokerage and look up the accurate symbol for the Put. It will probably start with the stock symbol ... but then continue with info about the Strike and the Expiration date.

When you have this info, create a new security for the Put and change the short sale to that put security.

All comments

K.O. (Win-Premier)

Short sell the Put in Quicken. If it expires Cover Short at $0 price. If exercised you can covert short at $0 and buy the common.

Tom Young

You do a ShtSell action in Quicken to record the transaction. If it expires you "buy" it back at a price of $0. If the put option is exercised you use the exercise cash plus the cash from writing the put to buy the stock.

Amy

thanks to you both. On the short sell of the put. I used 100 shares for 1 put and the price I received for the put. now my portfolio view is using the ticker for the underlying stock and showing a large loss. How do I adjust for that?

NotACPA

Did you use the stock's symbol for the Put also?

Amy

I accepted the downloaded transaction which was a sell and changed it to a short sale. I expect it picked up the ticker from the downloaded transaction.

Expect I should delete that and just enter a transaction with no ticker.

NotACPA

NO, I'd go to your brokerage and look up the accurate symbol for the Put. It will probably start with the stock symbol ... but then continue with info about the Strike and the Expiration date.

When you have this info, create a new security for the Put and change the short sale to that put security.