|
#1
08-18-2004, 10:47 PM
| |||
| |||
 Re: Entering calls/puts (options) In microsoft.public.money, LSK wrote: - quote - > I want to enter transactions involving covered calls. If
That varies with version. If you enter the Call as a stock, enter 1> you follow the steps outlined in Money Help, track puts > and calls, Money will display a dialog box stating the > following: "Adding this Sell or Remove Shares activity > will cause the balance of shares of '<name of call/put> ' > held in this Investment Account to become negative at > some point. Please arrange your transactions to avoid > this." The only option is to press the OK button. The > problem seems to be that Money treats calls/puts the same > as stocks. I would be grateful for any help on this issue. contract as quantity 100. To sell to open, enter a Sell Short. With a newer version, if you define the security as an Option, enter a Sell to Open transaction, and enter a 100 share contract as quantity 1. |
|
08-18-2004, 10:27 PM
| |||
| |||
| RE: Entering calls/puts (options) As I do many options this was msft dumb answer to my question as to why the the last price and cost are the same even though you sell the puts and calls at different prices As you noticed, the calculation of Cost Basis for Sell to Open options has been changed in this new version. At this time, I would like to share with you my understanding of this design. When we record a Sell to Open activity, we sell this option and will Buy to Close this option at a later time. Since we actually do not purchase this option at this time, Money cannot accurately track the cost basis for this option. In order to calculate Gain, Money assumes we will buy to close this option under current option price and calculates the Cost Basis = Last Price * Quantity. Through that, we can see how the cost basis and Gain is if we buy to close this option at this time. I understand this result may not in the way you expected. I will forward your comments to our Product Group. At the same time, I recommend that you send your wish on this issue to our Feedback department at <http://support.microsoft.com/support/feedback/> . This will let our developers know what you would like to see in Portfolio. "LSK" wrote: - quote - > I want to enter transactions involving covered calls. If > you follow the steps outlined in Money Help, track puts > and calls, Money will display a dialog box stating the > following: "Adding this Sell or Remove Shares activity > will cause the balance of shares of '<name of call/put> ' > held in this Investment Account to become negative at > some point. Please arrange your transactions to avoid > this." The only option is to press the OK button. The > problem seems to be that Money treats calls/puts the same > as stocks. I would be grateful for any help on this issue. |
|
#-1
08-18-2004, 10:16 PM
| |||
| |||
| Entering calls/puts (options) I want to enter transactions involving covered calls. If you follow the steps outlined in Money Help, track puts and calls, Money will display a dialog box stating the following: "Adding this Sell or Remove Shares activity will cause the balance of shares of '<name of call/put> ' held in this Investment Account to become negative at some point. Please arrange your transactions to avoid this." The only option is to press the OK button. The problem seems to be that Money treats calls/puts the same as stocks. I would be grateful for any help on this issue. |
| Tags |
| calls or puts, entering, options |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Calls for a disc in the Drive DonR: I use Money 2000 with windows XP Home. Recently did a clean reinstall. Money seemed to work fine. all of a sudden now when I open Money I get an... | Microsoft Money | 4 | 08-02-2004 01:24 AM | |
| Entering Transactions st3v3ss: All of a sudden I cannot enter any transaction in Money 2004. The error message just says "This transaction cannot be entered". I've been using... | Microsoft Money | 1 | 05-21-2004 09:58 AM | |
| Covered calls, updating igorx: I trade covered calls on many of the stocks I own. This of course is a form of short selling. When I update my brokerage accounts (Smith Barney... | Microsoft Money | 1 | 01-27-2004 12:30 AM | |
| Entering puts and calls Steve Brooks: I am attempting to enter a call option without success. The situation is as follows: I have an account in which I have a 100 share position of a... | Microsoft Money | 1 | 10-04-2003 06:40 PM | |
| Covered calls etc. az-willie: Have they taught Money to handle downloads from your broker of items like covered calls and bull-put spreads etc. etc.? | Microsoft Money | 3 | 08-24-2003 06:30 PM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
