Converting Stock Options
Options
David_7382775
Member Posts: 5 ✭
I am using Reckon (Quicken) Personal Plus
I have the following scenario and cannot find a way of doing it.
1. I purchased some Options in company XXX for .01c
2. They are convertible to Full Shares in company XXX at .30c
3. I have now paid the .30c per share to convert the Options to Full Shares.
4. I cannot find a way in Reckon (Quicken) to do this in one simple transaction.
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Comments
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Haven't you paid 31 cents per share ? (or was it .01 + .29)
If you defined them as options in RPP, then you could do a sell on the options and then a buy on the shares, using the capital base for the buy/sell prices.
If you defined them as the share security, then you could do an addition of capital, using a -ve "return of capital". This way, the capital value of the shares is correctly reported.
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Thanks for the response John.
I had actually done a sell/buy before I read your response.
Guess it seems strange to me, even though its an adopted USA program, that they would allow for Options in Australia/New Zealand. Hardly a new feature in our markets.
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Sorry I meant NOT allow............
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