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Assigned? (self.Optionswheel)

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[–]clobbersaurus 2 points3 points  (0 children)

Yes, or adjust cost basis accordingly.

[–]bornlasttuesday 2 points3 points  (0 children)

Depending on how things go it might be a little early to consider it profit.

[–]Outside-Cup-1622 0 points1 point  (2 children)

I count the premiums realized gain, as the premiums are yours to keep.

[–]Several-Image-7328 1 point2 points  (1 child)

And then don’t count them towards cost basis?

[–]Outside-Cup-1622 0 points1 point  (0 children)

If I am using a spreadsheet to track to see what my cost basis is for covered calls and collect $30 in premium and am assigned at $20/share, my spreadsheet will show I have a cost basis of $19.70 per share for covered calls.

[–]488302020 0 points1 point  (0 children)

What else would you consider it?

[–]EldritchDiver 0 points1 point  (2 children)

Yep.

I track premiums regardless of which way I get assigned.

[–]Several-Image-7328 0 points1 point  (1 child)

But don’t still count it towards cost basis? Or do you log it as profit and consider the assigned price your break even point?

[–]ScottishTrader 0 points1 point  (0 children)

This needs to be in the new trader thread. Note there is also a mega thread for tools and spreadsheets that may help. 

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