Manual entry of covered call option

[roywashburn]

How do do a manual entry of selling a covered call option so that the net amount (premium) shows as a positive value in the Investment Transaction?

[Mark]

Hello roywashburn,

Please see: http://www.fundmanagersoftware.com/options.html

[Tintin]

Mark, I apologize, but I'm confused. I understand that somewhere in the cash account is the money from selling the CALL, but when I close the position due to expiring worthless, I see a OOP historical as a negative value. If I make a report of my option trades, all I see is 'RED'.

So, after closing the option , I see what seems to be a loss in the transaction, when I actually made money selling the CALL. (I need an aspirin <g>). My tax filling is coming up, so my head is exploding!

TIA for the hand holding.

OT: For the future, maybe a little Tutorial in the form of a Camtasia video. The user would have to d/l the tutorial and watch at his leisure. Else a silent flash 'a la' Amibroker (see http://www.amibroker.com/support.html).

[Mark]

Hi Tintin,

What is the exact figure you're looking at? Where are you looking? If you sell an option, and buy it back at a price of $0, then your historical OOP basis will be negative. A negative basis means you've taken out more money than you've put in. Since it is a "historical" figure, this means over the life of the investment.

Thanks for the feedback on the video tutorials, I agree those would be a nice improvement.