Writing Options?
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quartet
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How do I enter a covered call option that I write?
For those unfamiliar: I'm creating a transaction by selling a call option on an asset that I own (in this case, an ETF). When I sell the option, I receive money.
If someone purchases the option (and naturally exercises it), they get my asset at the option's strike price. This I simply write as a sale of the ETF at the strike price.
But, there's an expiration date on the option. If no one purchases it by the expiration date, I keep my shares and the option expires. Either way, how do I show that expiration in Quicken, essentially showing the other half of a transaction so that it is no longer in the register. Do I enter it as a buy at $0.00?
For those unfamiliar: I'm creating a transaction by selling a call option on an asset that I own (in this case, an ETF). When I sell the option, I receive money.
If someone purchases the option (and naturally exercises it), they get my asset at the option's strike price. This I simply write as a sale of the ETF at the strike price.
But, there's an expiration date on the option. If no one purchases it by the expiration date, I keep my shares and the option expires. Either way, how do I show that expiration in Quicken, essentially showing the other half of a transaction so that it is no longer in the register. Do I enter it as a buy at $0.00?
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