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: long and short positions in the same contract 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: 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): 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