Okay when reporting CALL & PUT purchases these are handled like you would a basic stock purchase and sale correct?
But when dealing with covered calls, how do I enter that? What's confusing me are the dates for example:
11/10/2009 - BOUGHT TO CLOSE 40 CONTRACTS OF OPTION .GIYKE ($257.00)
11/6/2009 - SOLD TO OPEN 40 CONTRACTS OF OPTION .GIYKE $142.99
Do I enter that like this:
Description: AMBAC INC 40 NOV COVERED CALLS Date Sold: 11/06/09 Net Proceeds: 142.99 Date Acquired: 11/10/09 Cost Basis:$257
It's confusing because the dates are backwards.
When reporting expired covered calls is it handled like this? What do I enter on date acquired?
Description: AMERICAN CAP LTD 10 JUN COVERED CALLS (EXPIRED) Date Sold: 6/12/09 Net Proceeds: $80.49 Date Acquired: Cost Basis $0
Thank you!