On Tue, Dec 29, 2020 at 11:24 AM Tuno Tunante <[email protected]> wrote:
> 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 > > > > > > Where's the option? 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. > Rule #1 of options trading: never get 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 > <https://groups.google.com/d/msgid/beancount/CAM6BLCwOUD47fZz6o0WroYjvPHFhLcHYfSft6bdwiDW1sC%2B%2BSw%40mail.gmail.com?utm_medium=email&utm_source=footer> > . > -- You received this message because you are subscribed to the Google Groups "Beancount" group. 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