Thanks for reply. Looks like my terminology is a bit off since I this is
first time I have had to think about this in English.
What I meant was that my employer gave me 10 options which let me to
purchase stocks with the fixed price which was set when options were given
to me. In this case I can buy COMPANY for 6.19 euros regardless of the real
rate of the COMPANY in stock market. So I think you are right about
"exercise" being the correct term.
> Your transactions seems incomplete to me.
> You will want to represent the options themselves using a unique
instrument name with the strike, side (put/call) and expiration
data embedded in the symbol.
> You will want to carefully adjust the sales price vs. cost basis and
recognize the P/L to the right account if this is a company incentive (I
believe the initial P/L may be treated as income tax, not gains).
Do you have any example of representing options like this? I think in
Finland the initial P/L is treated as income tax. However, for my personal
ledger in general I'm not too concerned about taxing details since almost
all personal taxing process is done by taxing organization in Finland. So I
don't usually track those details in my personal ledger and I'm happy with
having the correct balances on each of my accounts. However, I suppose I
might have to be a bit more careful in this case.
To be honest I think for my purposes it would be enough to just add 10
COMPANY stocks to my Assets:OtherBank:Company with correct sales price and
deduce the 61.90e from my cash bank account.
maanantai 5. huhtikuuta 2021 klo 8.23.48 UTC+3 bl...@furius.ca kirjoitti:
> Hi Tuomas,
> I don't understand your terminology.
> "Marking" is the process of valuing active positions for the purpose of
> calculation unrealized P/L.
> I think you mean "exercise."
>
> On Sun, Apr 4, 2021 at 6:49 AM Tuomas Salmi <salmi....@gmail.com> wrote:
>
>>
>> Recently my employer let me to mark some stock options I had and I'm
>> having trouble to add them properly to the Beancount ledger.
>>
>> Lets say I had 10 options letting me to buy 10 stocks of COMPANY. Looks
>> like the transaction will be made first to my incentive bank account and
>> then I'll transfer the bought stocks to my actual bank which holds my
>> stocks.
>>
>> I tried the following:
>>
>> 2021-03-31 * "Mark options"
>> Assets:OP:BankAccount -61.90 EUR
>> Assets:IncentiveBankAccount:Company 10 COMPANY {6.19 EUR}
>>
>> 2021-04-01 * "Transfer stocks to other bank account"
>> Assets:IncentiveBankAccount:Company -10
>> COMPANY
>> Assets:OtherBank:Company 10 COMPANY
>>
>> The beancheck accepts this syntax. However when I check the account
>> balances in the Fava, I see that the end balance for "IncentiveBankAccount"
>> is:
>> 61.90 EUR
>> -10 COMPANY
>>
>> So it seems like the Beancount will use two separate units for the
>> "IncentiveBankAccount".
>>
>
> You need to use the cost basis on your transfer.
>
> Your transactions seems incomplete to me.
> You will want to represent the options themselves using a unique
> instrument name with the strike, side (put/call) and expiration
> data embedded in the symbol.
> You will want to carefully adjust the sales price vs. cost basis and
> recognize the P/L to the right account if this is a company incentive (I
> believe the initial P/L may be treated as income tax, not gains).
> There is much to say.
>
>
>
>
>>
>> So how should I mark the following transactions to get all this sorted
>> out:
>> 1. Pay 61.90 EUR from my cash bank account to buy 10 COMPANY stocks to
>> IncentiveBankAccount account (balance -> 10 COMPANY)
>> 2. Move 10 COMPANY from IncentiveBankAccount to OtherBank:Company
>> (balance 10 -> 0 COMPANY in incentive)
>>
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