Options - Record Sell to Close by ID Transaction

Considerations

Use this page to sell or "close" a long option using the Specific ID method.

Click one of the icons above to view either a list of the transactions available for that category, or click the Baseline Holdings icon to access the Add New Baseline Holdings page.

 

Procedure

From the Manually Record Trades page, click the Option icon to access the Options - Record Transaction page. From this page, select Sell to Close by ID from the Action drop-down list. The Options - Record Sell to Close by ID Transaction page displays.

  1. Select the account to which to record this transaction, from the In Account drop-down list. If you only have one account, this drop-down list is not displayed.

  2. By default, the Option Category on this page is set to Option on a Stock. You can select one of the following from this drop-down list to change the option category:

  3. By default, the Action on this page is set to Sell to Close by ID. To change this, select a different transaction from the Action drop-down list. The fields that display depend on the transaction that is selected.

  4. Enter the date of the transaction in the Transaction Date (mm/dd/yyyy) field. You can also click the Calendar icon and select the appropriate transaction date from the calendar that displays.

  5. Do one of the following to populate the option symbol:

Once you enter the parameters, click Verify to confirm you have entered the correct symbol for the option.

Note: Once you click Verify, a grid displays at the bottom of the page, if there are lots available. This grid enables you to specify contracts to allocate to sell to close.

  1. Select the type of security from the Security Type drop-down list. By default, this field is set to Options for this transaction.

  2. Enter the number of contracts in the Contracts field. The default information used is the standard 100 shares per contract. If your option has a different set up, enter the number of shares per contract associated with your option in the field provided. It is important that this figure is accurate to ensure correct calculations for this option transaction.

  3. To calculate the Total Proceeds of the transaction, do one of the following:

  4. Use the grid to specify from which lot ID(s) to allocate contracts to sell to close. Update the appropriate lot ID(s) with the number of Contracts to Sell to Close. To clear the entered lot information, click the Clear button.

  5. To record the Sell to Close by ID transaction, click the Record button. To record the transaction and continue to enter additional transactions, click the Record & Repeat button. To leave this page, without recording the transaction, click the Cancel button.

 

Example

Click here to view an example of the Options - Record Sell to Close By ID Transaction page.

Click any of the numbered areas below to view the procedure step for the selected field.

 

 

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