Closing Option Trades
In June, I bought a Call contract on a stock; 1 contract = 100 shares. A week later, I repeated the process on the same stock, now owning 2 contracts or 200 shares. In July, the stock the split 10 for 1. The price of the stock was now 1/10 what it was and instead of 2 contracts (200 shares) I owned 20 contracts or 2,000 shares. These expired on 8/16/24, but after I update to my bank, they still remain in my portfolio in Quicken. In Quicken, I'm still showing the Call contracts that were bought before the split and the Call contract that updated after the split. Not sure why the pre-split contract still remains. (Thought it would become the post-split contract) I'm trying to close one at a time with no luck. These were Call contracts and post as "Bought" transactions. Should they be "Bought" or "CvrShrt" when buying contracts? Thank you
Comments
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The actions that you should record would be 2 BOUGHTs (at whatever you paid plus commissions), a StkSplit and 1 or 2 SELL for $0.
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
Perfect! Done and Thank you!
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