Issue

How do I process Exchange Traded Options (ETO) in Class?

Resolution

Class does not currently fully support options trading. This article will explain how options can be processed using a Custom Holding Account.

Step1: Set up options as Custom Holding Account

Step 2: Process Buys and Sells

Step 3: Match the transactions

Step 4: Process Realised Capital Gain/Loss

Step 5: Process Unrealised Capital Gains/Loss

Set up options as Custom Holding Account

Generally, the account will have the following GL, Tax Return, Capital Gain and Market Type classifications:

Processing Buys and Sells

Use Transaction Rules to flush/clear money coming in or out of the cash account to be matched against the Custom Holding Account. The below screenshot displays a Custom Holding account where Transaction Rules have been applied to clear money coming in or out of the cash account.

The following Transaction Rule was created to clear cash transactions from the bank account:

Match Transactions

Navigate to Fund Level > Transactions > Match Transactions

The unmatched cash entries and the entries made to the options account will appear on the cash side of the match transactions screen.

Manually match transaction

Process Realised Capital Gain/Loss

Refer to our knowledge article for detailed instruction on How do I record Realised CGT for Exchange Traded Options (ETO)?

Process Unrealised Capital Gains/Loss

Refer to our knowledge article on How do I record Market Value movement for Exchange Traded Options (ETO)?