Entering Options

[4MoreProfits]

Mark,
I was wondering the best way to enter income from Profits. For example I might sell a put for WMT that will put $200 in my account but the put expires without the stock being assigned. I then do it again receiving another $150 but this time the stock is assigned at the expiration date. I now have $350 income I want to post against the stock. I have been using the other type of distribution, but these distributions happen prior to owning the stock. The graphs never show this income from the stock unless I change the dates when these payments were received till after the stock was assigned. Thus I never see the true cost of this purchase. Also where do you change the headings for User defined 1 and 2 under distributions.

Thanks in advance
4MoreProfits

[Mark]

Hi 4MoreProfits,

You could record them as distributions in the parent stock, but we typically suggest creating an investment for each option. When you buy/sell it, record the buy/sell in the option investment. If it expires worthless, you can sell/buy it for a cost of 0, to eliminate the share balance. We have instructions for tracking options here:

https://www.fundmanagersoftware.com/faq_options.php

You can edit the distribution labels under "Options / Distribution Labels...".