Preparation of income statement and balance sheet after the call option trades are made. Illustration of long call, non-hedging trades in foreign currency. Trade life cycle of exchange-traded options when writing call options. Journal entries to be recorded during the different phases of the trade life cycle. Get Accounting for Investments, Equities, Futures and Options, Volume 1 now with O’Reilly online learning. O’Reilly members experience live online training, plus books, videos, income statement, and balance sheet after writing the put options. TRADE LIFE CYCLE FOR EXCHANGE-TRADED OPTIONS—LONG PUT, NON-HEDGING.