fynance

A calculator for auditing Sell-To-Cover transactions for Option Exercises.

Future Plans

• Incorporate an avenue for system data to be fed directly to the calculator, corresponding to a stdout stream of structured results for repurposing.
• Enable the full CLI interfacing alongside the Fyne UI, providing dual functionality
• Flesh-out all possible inputs to ensure full coverage of the process
• Add a version inclusive of Releases and Restricted Stock as well.

Build

Run the following command to build (hides that pesky terminal window)...

go build -ldflags="-H=windowsgui" -o fynance.exe

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Calculating Releases Too

Sell To Covers can take place on more than just options. They can also occur during a release of shares. Here the rules are just a tad bit different. It helps to understand the actual commission and fee structure that is applied on a per/client basis...

These are the following charges that may be levied against a specific client. No client is subject to ALL:

• Commission (BPS), defaults to 0.03 on total transaction value.
• Commission (Cents), calculated per share, charges $XX.XX per share, usually a few cents.
• Minimum Commission, measured in dollars, usually $25 or $50.
• Wire Fee, usually $25/transaction
• Exercise Fee, per transaction

For Commission, clients technically can have BOTH versions applied to their transactions.