Accounting for Stock Option Exercise



According to here's how to adjust your cost basis for
exercise exchange traded options..

"If you exercise a call option by buying stock from the writer at the
designated price, add the option cost to the price paid for the shares. This
becomes your tax basis. When you sell, you will have short-term or long-term
capital gain or loss depending on how long you hold the stock."

How would I account for this in quicken.

I bought a call option, the exercised, then sold the stock. Perhaps I should
not record the option purchase at all in Quicken, and simply record the
purchase of the stock on the option exercise date, with an adjusted cost
basis based on the original cost of the option.

Would this be the best way? Any other suggestions?



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