TD Ameritrade - Options Reconcile

[astraseske]

Hi Mark,

I feel like I'm having to 'rig' the reconciling of some options positions and want to make sure I'm doing it right.

The problem comes in when I buy an option and it expires worthless. It seems Fund Manager is adding the worthless options back into the account and doubling the position.

Or anotherwords, I buy 4 contracts. Fund Manager posts I now have 400 shares. The 4 contracts expire worthless. Fund Manager then adds 4 contracts (or 400 shares) into the account. Now when I reconcile, Fund Manager states I have 800 shares and the statement reflects zero.

To fix it, I changed the 'removal of option' to a negative 400 shares and now we are balanced. I have attached a picture in hopes it will help if the above doesn't make sense.

Can you tell me if I'm doing this correctly?

Thanks, Mark. Appreciate the help.

Adam

[Mark]

Hi Adam,

It sounds like the option expiration is importing incorrectly for some reason. You changed it to a purchase of -400 shares. I would recommend changing it to a sell of 400 shares instead. It is just slightly cleaner. Both give you the same effect of having 0 shares.

If you can email me an example transaction file you're importing that has an option expiration I can take a look and see why it is importing wrong. Maybe it is something we can fix. I will send you an email you can reply to with an attachment.