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#3
11-05-2003, 06:46 PM
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 Re: Covered Option Writing In microsoft.public.money, Roger Doherty wrote: - quote - > Thanks this is helpful. Is this handled any better in
Same.> Money 2004? |
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#2
11-05-2003, 06:26 PM
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| Re: Covered Option Writing Thanks this is helpful. Is this handled any better in Money 2004? - quote - > -----Original Message----- > In microsoft.public.money, Roger Doherty wrote: > > I need some guidance on how to implement so- > > called "Covered Option Writing" or "Overwriting" > > investment transactions in Money 2003 Deluxe. > > > I purchase a stock, say Caterpillar Inc. (CAT). I sell > > call options against that stock. I don't know what kind > > of transaction to enter to represent the sale of this > > call option. > > > An example of the transaction details I have are: > > > Description: Call Caterpillar Inc February 2003 47.500 > > Expires 02/03 > > > Contract Premium: .325 > > Price Per Contract: 32.500 > > Current value: -195.00 > > Trade Date: 1/22/03 > > Contracts sold: -6 > > Sales price: .600 > > Sale proceeds: -359 > > Unrealized gain/loss: 164 > > > How would I enter this investment transaction in Money > > 2003 assuming I already have holdings for CAT? > You can either enter a Short Sell for a stock you name "Call > Caterpillar Inc February 2003 47.500" or you can do a Sell To Open > an equity call you name "Call Caterpillar Inc February 2003 47.500". > The disadvantage of equity option is a bug that prevents changing > the symbol for that option or reusing the symbol for a later option. > The advantage of the equity option choice is the more > straight-forward dealing with expiration and exercise. If you define > the call as a stock, expiration is entered as Cover Short for $0. > Exercise is more complex. > . |
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#1
11-05-2003, 02:22 PM
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| Re: Covered Option Writing In microsoft.public.money, Cal Learner-- MVP wrote: - quote - > In microsoft.public.money, Roger Doherty wrote:
If you entered the contract as a stock, you would Short Sell 600> > I need some guidance on how to implement so- > > called "Covered Option Writing" or "Overwriting" > > investment transactions in Money 2003 Deluxe. > > > I purchase a stock, say Caterpillar Inc. (CAT). I sell > > call options against that stock. I don't know what kind > > of transaction to enter to represent the sale of this > > call option. > > > An example of the transaction details I have are: > > > Description: Call Caterpillar Inc February 2003 47.500 > > Expires 02/03 > > > Contract Premium: .325 > > Price Per Contract: 32.500 > > Current value: -195.00 > > Trade Date: 1/22/03 > > Contracts sold: -6 > > Sales price: .600 > > Sale proceeds: -359 > > Unrealized gain/loss: 164 > > > How would I enter this investment transaction in Money > > 2003 assuming I already have holdings for CAT? > You can either enter a Short Sell for a stock you name "Call > Caterpillar Inc February 2003 47.500" or you can do a Sell To Open > an equity call you name "Call Caterpillar Inc February 2003 47.500". shares. If you enter it as an Equity Option, do the Sell To Open for 6 contracts. |
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11-05-2003, 02:15 PM
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| Re: Covered Option Writing In microsoft.public.money, Roger Doherty wrote: - quote - > I need some guidance on how to implement so-
You can either enter a Short Sell for a stock you name "Call> called "Covered Option Writing" or "Overwriting" > investment transactions in Money 2003 Deluxe. > I purchase a stock, say Caterpillar Inc. (CAT). I sell > call options against that stock. I don't know what kind > of transaction to enter to represent the sale of this > call option. > An example of the transaction details I have are: > Description: Call Caterpillar Inc February 2003 47.500 > Expires 02/03 > Contract Premium: .325 > Price Per Contract: 32.500 > Current value: -195.00 > Trade Date: 1/22/03 > Contracts sold: -6 > Sales price: .600 > Sale proceeds: -359 > Unrealized gain/loss: 164 > How would I enter this investment transaction in Money > 2003 assuming I already have holdings for CAT? Caterpillar Inc February 2003 47.500" or you can do a Sell To Open an equity call you name "Call Caterpillar Inc February 2003 47.500". The disadvantage of equity option is a bug that prevents changing the symbol for that option or reusing the symbol for a later option. The advantage of the equity option choice is the more straight-forward dealing with expiration and exercise. If you define the call as a stock, expiration is entered as Cover Short for $0. Exercise is more complex. |
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#-1
11-05-2003, 01:56 PM
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| Covered Option Writing I need some guidance on how to implement so- called "Covered Option Writing" or "Overwriting" investment transactions in Money 2003 Deluxe. I purchase a stock, say Caterpillar Inc. (CAT). I sell call options against that stock. I don't know what kind of transaction to enter to represent the sale of this call option. An example of the transaction details I have are: Description: Call Caterpillar Inc February 2003 47.500 Expires 02/03 Contract Premium: .325 Price Per Contract: 32.500 Current value: -195.00 Trade Date: 1/22/03 Contracts sold: -6 Sales price: .600 Sale proceeds: -359 Unrealized gain/loss: 164 How would I enter this investment transaction in Money 2003 assuming I already have holdings for CAT? |
| Tags |
| covered, option, writing |
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