Option Spread Entries

Hello @jketterl,

Thanks for reaching out!

Quicken doesn’t have a single “spread” transaction type, so you’ll want to enter each leg of the spread as its own option transaction. For example, if you’re opening a bull call spread:

• Buy to Open for the call you purchased
• Sell to Open for the call you wrote

When you close the position before expiration:

• Close the long call with Sell to Close
• Close the short call with Buy to Close

If one leg is assigned or exercised:

• Short call assigned → record a Cover Short for the option (at $0 if it expired worthless), then enter a Sold transaction for the underlying stock at the strike price.
• Long call exercised → close the option, then enter a Bought transaction for the underlying stock at the strike price.

If the option expires, just record a sale at $0. This keeps the cash, cost basis, and history accurate in Quicken.

I hope this helps!