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

Member ✭✭
in Investing (Windows)
If I BOUGHT an option and then it expires worthless, is remove shares, sell shares for $0???

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  • Quicken Windows Subscription Member ✭✭✭✭
    Sell shares at $0.
  • Member ✭✭
    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.

  • Quicken Windows Subscription SuperUser ✭✭✭✭✭
    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.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • Member ✭✭
    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.
  • Quicken Windows Other SuperUser ✭✭✭✭✭
    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.

    I'm staying on Quicken 2013 Premier for Windows.

  • Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Or perhaps he meant, "Is remove shares the same as sell shares for $0?"
    QWin Premier subscription
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