Adjust option |Form 8949 Capital Gain & Wash Sales calculator software

Option Assigned


Option Assigned happens when short stock options positions opened by an options writer is assigned for fulfillment. The short options positions disappear and the options writer sells the underlying stock if call options were written or buys the underlying stock if put options were written. Assignment can happen randomly for short in the money options before expiration even though assignment is mandatory for short in the money options during options expiration in what is known as an Automatic Assignment. This tutorial covers the different options assignment issues that you might face in options trading.

  1. Select the specific option record you want to assign.
  2. Right-click the record, then select Option Adjustment > Option Assigned as the following menu shows:
  3. An Option Assigned dialog box will pop up:
  4. Function
    Description
    1.Transaction Date

    The assignment date of the specific option

    If you want to modify the assignment date of the option, you can manually enter the date or click the Down Arrow then choose from the dropdown calendar.

    2. Account The account name to which the specific option belong. Choose the specific account name from the account list. If you choose All Account, event will apply to all accounts.
    3.Security Name The name of the specific option record
    4.Number of Contracts

    The quantity of the specific option. For example, the number of contract is 10, the shares of the option is 1000.
    5.Matched Option ID The ID of the specific symbol
    6.Matched Stock
    If the option you want to exercise does have the matched stock, you can choose from the dropdown list , if it hasn’t , it will apply to < auto add stock transaction> generated by TradeMax automatically.
    7.Notes

    The description of the specific option will be displayed automatically. You can leave it blank or enter anyimportant events and brief notes here.

    After checking all the information you have entered, press OK button to continue the process or click the CANCEL button to cancel the process.

  5. After you have pressed OK button, the following new record will be displayed
  6. The row outlined in red displays the Assigned Option record.

    Notes: In TradeMatch, 207 and 213 represent the ID of the symbol, 0 means the the share of the matched stock after option assigned.

  7. You can cancel this action with the Undo Button in the trade tab.

Option Exercised


Since all option contracts give the buyer the right to buy or sell a given stock at a set price (the strike price), when an option is exercised someone has exercised their rights and you may be forced to buy the stock (the stock is put to you) at the PUT option strike price, or you may be forced to sell the stock (the stock is called away from you) at the CALL option strike price

To exercise your option, just follow the steps listed below:

  1. Select the specific option record you want to exercise .
  2. Right-click the record, then select Option Adjustment > Option Exercised as the following menu shows:
  3. An Option Exercised dialog box will pop up:
    Function
    Description
    1.Transaction Date

    The exercise date of the specific option

    If you want to modify the excise date of the option, you can manually enter the date or choose from the dropdown calendar.

    2. Account The account name to which the specific option belongs. Choose the specific account name from the account list. If you choose All Accounts, event will apply to all accounts.
    3.Security Name The name of the specific option record
    4. Number of Contracts
    The quantity of the specific option. For example, the number of contract is 5, the shares of the option is 500.
    5.Matched Option ID The ID of the specific option record
    6.Matched Stock
    If the option you want to exercise does have the matched stock, you can choose from the dropdown list , if it hasn’t , it will apply to < auto add stock transaction> generated by TradeMax automatically.
    7..Notes

    The description of the specific option will be displayed automatically

    You can leave it blank or enter any important events and brief notes here.

    After checking all the information you have entered, press OK button to continue the process or click the CANCEL button to cancel the process.

  4. After you have pressed the OK button, the following new record will be displayed:The row outlined in red displays the the Exercised Option record.Note: In TradeMatch, 207 and 209 represent the ID of the symbol, 0 means the the share of the matched stock after option exercised.
  5. You can cancel this action with the Undo Button in the trade tab.

Option Expired


For an option contract , Expiration is the date on which the contract expires. The option holder must elect to exercise the option or allow it to expire and become worthless.

Typically, option contracts expire according to a pre-determined calendar.

In TradeMax, with Option expired function, you can view or modify your expired options with several clicks.

  1. Select the specific option record you want to edit .
  2. Right-click on the record , then select Option Adjustment > Option Expired as the following menu shows:
  3. An Option Expire dialog box will pop up  as follows:
Function
Description
1.Transaction Date

The expiration date of the specific option

If you want to modify the expiration date of the option, you can manually enter the date or choose from the dropdown calendar.

2.Account The account name to which the specific option belongs. Choose the specific account name from the account list. If you choose All Accounts, event will apply to all accounts.
3.Security Name The name of the specific security
4.Notes

The description of the specific option Expired action will be displayed automatically.You can enter any important events and brief notes here.
The default description  is expiration date of the specific security

After checking all the information you have entered, press OK button to continue the process or click the CANCEL button to cancel the process.

4. After you have pressed the OK button, the following new record is displayed:

The row outlined in red displays the Expired Option record.

  • You can cancel this action with the Undo Button in the trade tab.
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