12-17-2021, 10:47 AM
(12-17-2021, 09:51 AM)cemanuel Wrote:It's not a lot different than a stock trade, except I do it in reverse 98% of the time. Just making this up but I decide I wouldn't mind owning CAT at 190. It trades for 200 today. I sell an option giving somebody the right to sell me 100 shares at 190 expiring in a month. Maybe they own the shares and are hedging, or just speculating CAT will dip. They pay me $200 for the right to sell me 100 shares at 190. Probably it expires worthless, or maybe I buy the contract back at whatever market price is for the contract in a few weeks. Anyway it's mixed in with my core holding DGI buys or sells. I may need separate accounts to truly segregate it.(12-17-2021, 09:10 AM)fenders53 Wrote: I look forward to finishing my transfer to Schwab so I can analyze my activity more efficiently. Vanguard is fine for holding some ETFs but never mind in depth analysis of trades. I'd literally have to print out 100 pages and hand jam most of the info I wanted for a year. There are times my income strategy has 50+ round trip option trades so 100 lines in a month and this is year four at that pace. No thanks.
I don't know how I'd track options on a spreadsheet. It's how I keep records of everything so I'd sure try. Just not sure what it would look like.