Booking Options, Puts?

[heidiasst]

Good Morning Mark,

I hope you had a wonderful Christmas!

Marshall sold a put option on 11/16. The option was assigned on 12/21 and we now own the stock. I am not sure how to handle these transactions in FM. We haven't traded options in the past (or at least never had them assigned).

I need to know how to handle these in FM since the assigned cost of the stock needs to be lower based on the $ that was brought in when the put option was originally sold.

Help!

Heidi

[Mark]

Hi Heidi,

We have some instructions for how to record options here:

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

See the Selling Puts one for your case.

With options, you track the option in a separate investment from any shares in that security that you may own, or acquire.