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: Process Realised Capital Gain/Loss
Step 4: 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:
Process Realised Capital Gain/Loss
Refer to our knowledge article fro 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)?