I complained about this problem a few days ago too, i received emails
from a bunch of people asking about a bug fix / workarounds.
Believe me, we are not the only people using money to track options.
This problem exists in MS Money 2004 deluxe too... that essentially
means that it has existed for more than a year and Microsoft has done
nothing about it.

This kind of leads to the question whether microsoft knows about the
bug or is it just that the product management team considers this to be
a low priorty issue that can be safely ignored for many many years to
come, I am not really sure what is it that is preventing the money
development team from fixing this bug.

Eventually i switched to gainskeeper instead of money atleast until
microsoft fixes this issue in MSMoney 2004 deluxe.

Siddharth Sawe

"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:bc95u0padijsdts5alerq08cthl0ev8sqo[at]4ax.com...
- quote -

True. My broker wouldn't allow me to do that even if I wanted to, and that's
just as well - prevents me from doing something stupid by accident!

In microsoft.public.money, Paul Pedersen wrote:

- quote -

Actually, I don't think it's that dangerous, as long as you know
what is actually going on.

It is equivalent to the combination of buying a stock and then
selling a covered call on the stock AND having enough money in the
money market to cover the potential exercise. Selling a Put is a
limited risk in contrast to selling naked calls.

- quote -

i.e., having the stock shorted, or having bought a Call.

"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:q465u096qe5ulnebppnpodar6e844ltj20[at]4ax.com...
- quote -

I hadn't noticed that. Yes, that's beyond risky, to the point of dangerous.

But although he didn't mention it, he may have been covered by another
position.



- quote -

Now there's a reason to upgrade. I was looking for some. Thanks.

In microsoft.public.money, Miles wrote:

- quote -

I believe they do, but if you have the same problem, that will
probably count toward dealing with it. However the number of people
who have sold at least one naked Put are a relatively small number.
Forgive me that I was feeling that it might be unavailing in the
face of things that address the masses. There was an
options-problems in earlier years that was fixed in Money 2005: you
could not back then change the symbol on an option. So when your
LEAP did its symbol change, you could not get quotes any more. You
could also not re-use the symbol later for a different option. It's
fixed in Money 2005.

The way I would deal with it is to modify the Money-generated Buy to
give the right basis. Alternatively I would make a list of things to
deal with in a file named tax2004.txt, and adjust the tax program
data when I exported my schedule D. It is possible also that the
support folks may have a way better than both of these.

Well, first, does MS know that the calculation is wrong? Do they want to
talk with me about it? Next, if there's no immediate fix (I know, what
planet am I living on), then yes, I would like a workaround.

Thanks,

Miles

"Cal Learner-- MVP" wrote:

- quote -

In microsoft.public.money, Miles wrote:

- quote -

Were you looking for a workaround?



- quote -

Gee, and I switched from Quicken because Money was supposed to be able to
handle stock options...



"Miles" <Miles[at]discussions.microsoft.com> wrote in message
news:8E8533E8-748B-49C6-8CC0-FE8F3B8A1C47[at]microsoft.com...
- quote -

I was hoping for a slightly more insightful answer. What now? Should I
contact MS Money Support via phone? I'd like to get this issue resolved.

Thanks,

Miles

"Cal Learner-- MVP" wrote:

- quote -

In microsoft.public.money, Miles wrote:

- quote -

No, er uh, Yes. No.

I'm using Money 2005 Premium and it incorrectly calculates a put (equity
option) when it's exercised. As an example, if I Sell to Open a Disney Jan
05 $30 Put = $4.50/share and the stock is put to me at $30, the cost basis is
$30 - $4.50 (put premium) = $25.50. Money 2005 Premium is adding the premium
price for a basis of $34.50, which is not accurate.

Does anyone know if there's a fix to this problem?

Thanks,

Miles