Hi Alton:
Thanks a lot for your suggestions. I will incorporate them in my
options trades.
Les
On 6/11/19 7:45 AM, Alton Brantley wrote:
As you know, options are quoted in “contracts” of 100 shares (a lot),
but the prices are quoted on a “per share” amount, I simply multiple
the number of contracts by 100 for the quantity of shares value and
the quote for the price.
So, on an opening transaction of a “Buy to Open”, you credit the total
price, and debit the commission to a subaccount named “Open
Commissions” and debit the quantity and price (=cost) to the option
account.
On the closing transaction (“Sell to Close”), you debit the
commission and credit the option account.
Then, do an Action->View Lots in the option account and match up the
options, which will give you a “Realized Gain/Loss” in the option
account. The realized gain/loss transaction is edited to add credit
splits for the opening and closing commissions to give you your next
transaction gain/loss(to match your brokerage statement).
On a short transaction (Sell to Open), the credit and debits are
reversed for the cash account and the option account, but the
commissions are still debited on the open and close, and credited on
the Realized gain/loss reconciliation.
Hope this helps.
Date: Mon, 10 Jun 2019 21:27:55 -0500
From: Les <lellio...@gmail.com <mailto:lellio...@gmail.com>>
To: Gnucash Users <gnucash-user@gnucash.org
<mailto:gnucash-user@gnucash.org>>
Subject: [GNC] Options Trading
Message-ID: <e839a8ad-0ae7-8769-4d8d-27d16886a...@gmail.com
<mailto:e839a8ad-0ae7-8769-4d8d-27d16886a...@gmail.com>>
Content-Type: text/plain; charset=utf-8; format=flowed
Hi All:
I can't seem to find any instructions on how to handle options. If
anyone is using options how are you using GC for tracking?
I am using Linux Mint 19.0 and GC 2.6.19.
Thanks,
Les
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