How do I resolve unrealized gains on options that were traded years ago?

Question

Quicken is not recognizing that the option were closed years ago and is still carrying unrealized gains which is making the Net Worth report and the actual account balance for one of my investment accounts differ.  I have read about how to enter the options, i.e. "short sale" followed by a "buy" for an expired option. Quicken is showing the shares as 0 but has an unrealized gain screwing up my net worth and account balances report.  Help

rwshone · Answer

It is crazy.  By changing the puts to "Short Sales" and Covers to "Cover Short Sales" the reports for Account Balances now shows the correct balance for that specific account.  HOWEVER, the Net Worth Report is still adding in the options trading and giving a value that is TOO HIGH for the Account Balance.

Rocket J Squirrel · Answer

After you try it, please come back and let us know whether changing the Buy to a Cover Short fixed your issue.

rwshone · Answer

I'll try that but I'm guessing it won't work.