Hi, What I'm doing (I did the last yesterday) is like that:
2020-12-28 * "TD" "Sell Put MO 15 JAN 2021 Strike 40 @0.40" #Option #Put #MO #Sell Income:Options:TD -40.00 USD Expenses:Comission:TD 0.67 USD Assets:Account:TD 39.33 USD Assets:Options 4000.00 USD Liabilities:Opctions I do 6 or 7 per month. I use the Assets:Options and Liabilities:Options in order to have a complete view about the money I must reserve in case I'm assigned. Before each put, I check that Liabilities:Options is less that the money in Assets:account:TD Regards. On Tue, Dec 29, 2020 at 6:18 AM Rajath Agasthya <[email protected]> wrote: > Yeah, I figured each option could be a new commodity. I don't do a lot of > option trades, so I'm okay with having more commodities until something > better turns up. > > The thing I'm not sure of is how to represent a trade where I'm getting a > credit (from selling a put or even a short sale of a stock). I can't quite > seem to figure out the matching posting for this transaction if I represent > receiving credit as a posting into a cash account such as > Assets:US:Schwab:Cash. Any thoughts on how to do this or an example you > can share? > > Thanks! > On Monday, December 28, 2020 at 5:04:37 PM UTC-8 [email protected] wrote: > >> On Mon, Dec 28, 2020 at 5:47 PM Rajath Agasthya <[email protected]> >> wrote: >> >>> Hi all, >>> >>> First of all, thanks to all the contributors (especially Martin) for >>> this wonderful tool! I'm new to double entry accounting and Beancount, but >>> I'm blown away at how simple yet powerful this tool is, especially when >>> combined with Fava. >>> >>> I've been reading docs and I just started setting up my beancount file. >>> But as I setup my investment account, I'm a little bit lost as to how I >>> should manage option trades. The trades where there is a net debit is >>> straightforward (I think), but I'm not sure how to enter trades like >>> selling a covered call or a put or a spread/multi-leg option that result in >>> a credit. >>> >>> Are there some examples I can refer to on how to manage option trades? >>> The docs mention options trading as a future topic to be tackled and I >>> unfortunately couldn't find anything in the mailing list (perhaps I didn't >>> search properly). So if anyone can point me in the right direction, I would >>> really appreciate it. >>> >> >> I do options trading, but I only record simple options, never combos like >> this. >> - The option can be encoded in the symbol name. This makes a lot of new >> commodities to declare and put out of commissions. I haven't yet figured >> out what needs to be done to make this a bit nicer (e.g. allow user to >> define a commodity regex/pattern for these). >> - For stable asset types, I use leaf subaccounts; for options I don't >> (would be too many accounts, and it feels silly to create an account for a >> single position). >> - For options combinations/"strategies", if you have some way to trade >> all the legs instantly, you should be able to either (a) insert all the >> individual legs and their prices in a single transaction, or, if the >> product is already securitized by your broker, trade it like any other >> product (one leg with the derivative instrument). >> >> Hope this helps, you do have to get a bit creative if you trade options, >> but, well, you trade options, so you will be able to figure out something >> :-) >> >> >> >>> >>> Thanks, >>> Rajath >>> >>> -- >>> You received this message because you are subscribed to the Google >>> Groups "Beancount" group. >>> To unsubscribe from this group and stop receiving emails from it, send >>> an email to [email protected]. >>> To view this discussion on the web visit >>> https://groups.google.com/d/msgid/beancount/51c57efc-8915-4edd-981a-cb997c1f143cn%40googlegroups.com >>> <https://groups.google.com/d/msgid/beancount/51c57efc-8915-4edd-981a-cb997c1f143cn%40googlegroups.com?utm_medium=email&utm_source=footer> >>> . >>> >> -- > You received this message because you are subscribed to the Google Groups > "Beancount" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To view this discussion on the web visit > https://groups.google.com/d/msgid/beancount/b12e5c7d-f2d7-4b9c-8131-3cac25b17810n%40googlegroups.com > <https://groups.google.com/d/msgid/beancount/b12e5c7d-f2d7-4b9c-8131-3cac25b17810n%40googlegroups.com?utm_medium=email&utm_source=footer> > . > -- You received this message because you are subscribed to the Google Groups "Beancount" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/CAM6BLCwOUD47fZz6o0WroYjvPHFhLcHYfSft6bdwiDW1sC%2B%2BSw%40mail.gmail.com.
