Navexa does not currently support options natively.
You can use limited workarounds to record some of the cash movements created by options activity, but Navexa cannot track the option contract itself, its current value, any resulting liability, or its complete tax treatment.
This article explains what Navexa can and cannot do, and how to keep a basic record of options-related cash activity if the rest of your portfolio is already tracked in Navexa.
Options are not supported in Navexa
Navexa does not currently support options as a native investment type.
This means Navexa cannot:
Add an option contract as a normal listed holding
Track strike prices or expiry dates as part of the position
Track open call or put positions
Represent short option liabilities
Track option chains or Greeks
Calculate margin requirements
Link the legs of spreads, straddles, iron condors or other multi-leg strategies
Automatically process exercise, assignment or expiry
Calculate options-specific tax outcomes
The workarounds in this article are record-keeping workarounds only. They should not be treated as native options support.
If options are a significant part of your investing or trading strategy, you should use your broker or a dedicated options-tracking platform for the option positions themselves.
When Navexa may still be useful
These workarounds may be useful if:
Most of your shares, ETFs and other investments are already tracked in Navexa, and
Your options activity is relatively incidental to that portfolio, and
You want to keep a basic record of option-related cash receipts and payments alongside your other investments.
For example, you may want to record:
Premiums received
Premiums paid
Buy-backs or close-outs
Brokerage or fees
The resulting purchase or sale of underlying shares following exercise or assignment
What Navexa cannot do is maintain the option itself as an open position.
That distinction is important.
For example, receiving a $500 option premium increases your cash balance, but an open written option may also create an obligation with a changing market value. Navexa cannot record that corresponding option liability. As a result, recording the $500 cash receipt does not mean Navexa is showing the true current value or P/L of the option strategy.
These workarounds do not create accurate options performance
Recording an options premium or cost in a Cash Account can help you keep track of the cash movement, but Navexa cannot value the associated open option position.
While an option remains open, your Navexa portfolio value and performance may therefore differ from your broker or from the true economic value of the strategy.
Do not rely on these workarounds for option position valuation, mark-to-market P/L, margin or risk analysis.
Workaround 1: Record the cash movements in a Cash Account
For most customers who only want a basic record of options activity, a Cash Account is the simplest workaround.
You can create or use a Cash Account in the same portfolio as the relevant underlying shares.
See: Adding a Cash Account.
Recording an option premium received
If you receive an option premium, you can record the amount in your Cash Account.
There are two possible approaches depending on what you are trying to represent:
Deposit
Use a Deposit if your main objective is simply to reflect the movement of cash into the account.
This treats the transaction as a cash movement rather than attempting to classify the amount as investment income.
Interest Payment
You may instead use an Interest Payment if you specifically want the amount to contribute to income-style portfolio reporting.
However, this is only a Navexa reporting workaround.
“Interest Payment” does not mean the option premium is interest
Using the Interest Payment transaction type is only a way of controlling how the amount appears in certain Navexa performance or income views.
It does not mean the option premium is legally, economically or tax-wise interest income.
You should not use the Navexa transaction label to determine the correct accounting or tax treatment of an options transaction.
Recording an option premium paid
For a purchased option, you can record the premium paid as a Withdrawal from the Cash Account if you want to reflect the cash leaving the portfolio.
This does not create an option holding or asset in Navexa.
While the option remains open, its market value will therefore not appear in your Navexa portfolio.
Closing or buying back an option
If you close a written option by buying it back, you can record the amount paid as a Withdrawal.
If you sell a previously purchased option, you can record the proceeds received as a Deposit.
Again, these entries record the cash movements only. They do not create an options trade, realised options P/L calculation or options tax calculation inside Navexa.
Fees and brokerage
You can record brokerage or other transaction fees using a Fee transaction in the Cash Account where appropriate.
Use the Description or Notes fields to keep enough information to identify the transaction later, for example:
Underlying ticker
Call or put
Strike price
Expiry date
Number of contracts
Sell to open, buy to close, buy to open or sell to close
Broker reference, if useful
Workaround 2: Use a Custom Investment as an Options Ledger
Another approach is to create a Custom Investment to act as a basic Options Ledger.
This may be useful if you want all of your options-related entries grouped in one place rather than recorded only as Cash Account transactions.
For example, you could create a Custom Investment called:
Options Ledger
or:
Options Premium – BHP
You can then use its notes and available transactions to maintain your own record of option-related amounts.
A Custom Investment is not an option contract
Creating an Options Ledger as a Custom Investment does not give Navexa options functionality.
Navexa will still not know:
Whether the position is a call or put
Whether it is long or short
Its strike or expiry
How many contracts remain open
Its market value
Whether it has expired, been exercised or been assigned
Its correct options-specific tax treatment
Any income, price or transaction entries you add are manual records only.
Be careful about double-counting
If you record an option premium against a Custom Investment, be careful not to also record the same amount in a way that causes it to be counted twice in your portfolio reporting.
For example, you may still need the actual Cash Account movement if you are reconciling your cash balance, but you should understand how each entry affects your particular Navexa reports before duplicating the transaction in multiple places.
If you only need a straightforward record of cash received and paid, the Cash Account method is generally simpler.
What happens if an option is exercised or assigned?
Exercise or assignment can result in an actual purchase or disposal of the underlying shares.
Because Navexa does support normal share holdings, you should make sure the resulting underlying share transaction is represented in Navexa so that your share quantity remains correct.
Examples include:
Shares being sold following assignment of a written call
Shares being purchased following assignment of a written put
Shares being acquired following exercise of a long call
However, you should use the appropriate transaction details for your records rather than assuming that entering a trade at the strike price alone will always produce the correct tax outcome.
Exercise and assignment can affect tax cost base or capital proceeds
The option premium and the resulting share transaction can interact for tax purposes.
For Australian taxpayers, for example, ATO guidance explains that granting an option can give rise to CGT event D2, while exercise of the option can change how the earlier option transaction is treated. The effect can also differ between calls and puts. Tax treatment may be different again where options activity is conducted as part of a business. (Australian Taxation Office)
For this reason:
Do not assume the strike price alone is necessarily the correct tax cost base or capital proceeds.
Do not assume an option premium should simply be treated as ordinary income.
Do not rely on the Cash Account or Custom Investment workaround as an options tax calculation.
If you use Navexa for Australian tax reporting, confirm the correct treatment with your accountant or tax adviser and make any necessary adjustments based on that advice.
Common examples
Covered calls
If you sell a call option over shares you already own, Navexa can continue tracking the underlying shares normally.
For the option itself, you can use a Cash Account to record:
The premium received
Any fees
Any amount paid to close the option
If the call is assigned and your shares are sold, record the resulting disposal of the underlying shares in Navexa.
Remember that Navexa still does not track the written call itself while it is open.
Cash-secured puts
You can use a Cash Account to record:
The premium received
Any fees
Any amount paid to close the put
Navexa cannot represent the open short put obligation or the cash reserved as collateral for that obligation.
If assignment results in you acquiring the underlying shares, record the resulting share purchase in Navexa.
For tax purposes, do not assume that the strike price by itself is necessarily the correct cost base.
Long calls and puts
If you buy an option, you can record the premium paid as a Cash Account outflow.
If you later sell the option, you can record the proceeds received as a Cash Account inflow.
Navexa will not show the option as an asset while it is open, so its current value and unrealised gain or loss will not appear in your portfolio.
Options that expire
If an option expires without being exercised, there may be no further cash movement to enter.
However, this does not mean Navexa has calculated or recorded the tax consequence of the expiry.
You should rely on your broker records and appropriate tax advice for that treatment.
Naked options and margin-based strategies
Navexa is not suitable for tracking naked or margin-based option strategies.
It cannot represent:
Open short option liabilities
Margin balances or requirements
Changing option values
Greeks
Liquidation risk
If these positions form a meaningful part of your portfolio, use a platform designed to track options.
Spreads and other multi-leg strategies
Navexa cannot link several options together as one strategy.
That includes strategies such as:
Vertical spreads
Calendar spreads
Straddles
Strangles
Butterflies
Iron condors
You can record the associated cash receipts and payments if useful, but Navexa will not calculate the strategy's value, P/L, risk or tax outcome.
Can Interactive Brokers or another integration import my options?
No.
Even where Navexa supports importing or syncing supported share transactions from a broker, options are still outside Navexa's supported asset types.
An integration does not turn an unsupported option contract into a supported Navexa holding.
Where a broker account contains a mixture of supported and unsupported instruments, options may be omitted or may require you to rely on the broker for those records.
Can Navexa calculate tax on options?
No.
Navexa's Australian tax reporting is designed around the asset types and transactions Navexa supports.
It does not provide an options-specific tax engine.
Tax information
The information in this article explains how Navexa works and provides examples of manual record-keeping workarounds.
It is not tax, financial or accounting advice.
Options can have different tax consequences depending on factors including the type of option, whether you bought or wrote it, whether it expired, was closed or exercised, the underlying transaction, and whether your activities are treated as investing or carrying on a business.
For Australian tax information, refer to the Australian Taxation Office or speak with a registered tax adviser about your circumstances.
ATO information referenced in this article was last checked 4 September 2026. (Australian Taxation Office)
What customer support can Navexa provide for options?
Because Navexa does not support options natively, the guidance in this article represents the maximum level of customer support we can provide for options-related activity.
Our Customer Support team cannot provide individual instructions for modelling specific option positions or strategies, troubleshoot options-specific outcomes, or confirm whether a workaround accurately reflects your broker’s performance, valuation or tax treatment.
The workarounds in this article are provided only as general ways to record certain cash movements alongside an otherwise supported Navexa portfolio.
For assistance with the option position itself, including valuation, P/L, exercise, assignment, margin or tax treatment, please refer to your broker, an options-specific platform, accountant or other appropriate adviser.
Request native options support
We know native options support is useful to some customers, but there is currently no ETA for when or whether full options functionality will be added.
If you would like to see options supported natively, you can upvote the existing Options functionality request in the Navexa feedback portal.
This helps us understand how many customers would benefit from options support and what functionality matters most.