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How to correctly track a covered call write (sell to open) in double-entry accounting?
I skimmed the answer from mirage007, and it looked correct if you're going to set this up from scratch.  Since you said you already have a system for tracking stocks, however, maybe you'd prefer to use that.  It should handle almost everything you need: Note that only the last of these actually ties the option and the underlying together in your accounting system.  Other than that case, the option behaves in your accounting system as if it were a stock. (It does not behave that way in the market, but you need to manage that risk profile outside of the double-entry accounting system.)