Options Entity Setup Processing Notes

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

• Net Option Positions (639)
  • No: the same Option contract can be opened either long or short, and contracts are always shown as positive numbers in Eagle Accounting
    • Long/Short Indicator (15) will be L or S
    • Short positions have negative units in Data Management
    • Transaction elections in Book Trade are Buy, Write, Sell, and BuytoCover
  • Yes: Option positions are always held long, with short positions represented by negative quantities
    • Long/Short Indicator will always be L
    • Short positions have negative units in Data Management
    • Transaction elections in Book Trade are Buy and Sell
• Options and Futures Expiration Delay Days (12101): 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 = 2022-01-21, the expiration can only be processed on 2022-01-24