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#2
04-11-2008, 04:49 PM
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 Re: Covered Call Options In microsoft.public.money, Shhhhh22[at]gmail.com wrote: - quote - > On Apr 1, 12:16*am, Cal Learner-- MVP <via_newsgr...[at]please.tnx> wrote:
Where are you looking? Tax report? Capital gains report? The Gain> > In microsoft.public.money, Shhhh wrote: > > > > I do I go about dealing with a covered call transaction in Microsoft > > > Money 2007 Premium? Currently what I am doing is inputing the option > > > symbol, and choosing the transaction "Sell to Open" then when I go to > > > expire the option I try to do a Sell to Close. However it does not > > > seem to work? > > > What happened that you think should not have happened? > > > > Also what happens if instead of expired I has the > > > position assigned? how would I account for that? > > > That would be the Exercised choice. > > > > > > Thank you.- Hide quoted text - > > > - Show quoted text - > Thanks for your reply Cal... let me see if I can explain better... I > entered the covered call buy buying the underlying shares, and doing a > "Sell to open" transaction to write the call. Now the time has come to > get out of this transaction... The option is now worthless, so I do a > "Buy to close" transaction for $0 because it's worthless. Now what > should happen is my Profit should be the premium I recieved when I > originally sold the call. However Money 2007 Simply shows me exiting > the position with $0 profit, which obviously isn't right. column of the Portfolio? I entered a test case into a Money Plus file, but I could not replicate the problem in any of those three places. Also, make sure of the right way to report a covered call expiration on taxes. http://www.irs.gov/pub/irs-pdf/p550.pdf The area the bottom of page 57, for example could provide info. - quote - > Any thoughts on how to correct this? |
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#1
04-11-2008, 05:47 AM
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| Re: Covered Call Options On Apr 1, 12:16*am, Cal Learner-- MVP <via_newsgr...[at]please.tnxwrote: - quote - > In microsoft.public.money, Shhhh wrote:
Thanks for your reply Cal... let me see if I can explain better... I> > I do I go about dealing with a covered call transaction in Microsoft > > Money 2007 Premium? Currently what I am doing is inputing the option > > symbol, and choosing the transaction "Sell to Open" then when I go to > > expire the option I try to do a Sell to Close. However it does not > > seem to work? > What happened that you think should not have happened? > > Also what happens if instead of expired I has the > > position assigned? how would I account for that? > That would be the Exercised choice. > > Thank you.- Hide quoted text - > - Show quoted text - entered the covered call buy buying the underlying shares, and doing a "Sell to open" transaction to write the call. Now the time has come to get out of this transaction... The option is now worthless, so I do a "Buy to close" transaction for $0 because it's worthless. Now what should happen is my Profit should be the premium I recieved when I originally sold the call. However Money 2007 Simply shows me exiting the position with $0 profit, which obviously isn't right. Any thoughts on how to correct this? Thank you for all your help in this group! |
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04-01-2008, 05:16 AM
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| Re: Covered Call Options In microsoft.public.money, Shhhh wrote: - quote - > I do I go about dealing with a covered call transaction in Microsoft
What happened that you think should not have happened?> Money 2007 Premium? Currently what I am doing is inputing the option > symbol, and choosing the transaction "Sell to Open" then when I go to > expire the option I try to do a Sell to Close. However it does not > seem to work? - quote - > Also what happens if instead of expired I has the
That would be the Exercised choice.> position assigned? how would I account for that? - quote - > Thank you. |
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#-1
04-01-2008, 03:41 AM
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| Covered Call Options Hello all, I do I go about dealing with a covered call transaction in Microsoft Money 2007 Premium? Currently what I am doing is inputing the option symbol, and choosing the transaction "Sell to Open" then when I go to expire the option I try to do a Sell to Close. However it does not seem to work? Also what happens if instead of expired I has the position assigned? how would I account for that? Thank you. Shhhh |
| Tags |
| call, covered, options |
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