Here I have a confusion. We need to do MTM for the premium.
When we buy Option (example call option) there has two element in it.
- Strike Price (which we give in FWZZ - Future Class creation)
- Option Premium.
Now suppose, I am buying 100 units of American Option with strike price 100$ per unit and premium which i need to pay is 1$ per unit.
So FTR CREATE will have 100units in "number of units" field and 1$ in Price (Un Quot) field. I should not enter strike price again in FTR_CREATE.
Once we enter units and premium in FTR_CREATE and save the transaction, I can put market price of the premium in FW17.
Is my understanding correct?