Hi, I count only the money in my account and control the sum of possible assignments. I don't have an "entity" option.
For the options, I sell puts of stocks I want to buy and I have the money for doing it. So if it's assigned, no problem ;-) On Tue, Dec 29, 2020 at 6:47 PM Martin Blais <[email protected]> wrote: > 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. > 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/CAK21%2BhMp0mVafPWRtdPYgFiQ1GmPLfpZgfaY_fdJJ_oZW74gZA%40mail.gmail.com > <https://groups.google.com/d/msgid/beancount/CAK21%2BhMp0mVafPWRtdPYgFiQ1GmPLfpZgfaY_fdJJ_oZW74gZA%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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