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Entities trading Options need two specific pieces of data, which can be populated using Create/Edit Entity.

• Net Option Positions (639)

  • No: long and short positions in the same

    Option

    contract

    can be opened either long or short and contracts are always shown as positive numbers; transaction elections in Book Trade

    are held separately, with units always positive in Eagle Accounting

    • Short positions have negative units in Data Management

    • Transaction elections are Buy, Write, Sell, and BuytoCover

  • Yes:

    the Option will only open long, with short positions represented by negative quantities; transaction elections in Book Trade

    long and short positions in the same contract are netted together, allowing a trade to cross zero and bring the position from long to short or vice versa

    • Short positions are represented by negative units in both Eagle Accounting and Data Management

    • Transaction elections are Buy and Sell

• Options and Futures Expiration Delay Days (12101):

  if there is no entry, STAR

  number of days to delay automatic expiration

  • When NULL or zero, Eagle Accounting will auto-expire the Option on expiration date 

  • When populated, the expiration event can only be processed on the adjusted date

    • Example: if Options and Futures Expiration Delay Days = 3 and expiration date

  , preventing entry of an exercise trade on that date

  • • = 2022-01-21, the expiration can only be processed on 2022-01-24