Handle your wash sales and generator your Schedule D

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 shall cover 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:
   

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 Contract	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 left it blank or enter some important and brief events here .

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

4. Afer you pressed OK button, the following new record display:



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.

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

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 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

Make your option exercised, just follow several 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 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 Contract	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 left it blank or enter some important and brief events here.

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

4. Afer you pressed OK button, the following new record display: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.

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 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 the record , then select Option Adjustment > Option Expired as the following menu shows:
3. An Option Expire dialog box will pop up:

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

4. Afer you pressed OK button, the following new record display:

The row outlined in red displays the Expired Option record.