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.
- Select the specific option record you want to edit .
- Right-click the record , then select Option Adjustment > Option Expired as the following menu shows:
- An Option Expire dialog box will pop up:
| 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 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 security |
| 4.Notes |
the original expiration date of the specific security
|
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.
