diff --git a/doc/common.m4 b/doc/common.m4
index a0c4c1a4d..2d55e6442 100644
--- a/doc/common.m4
+++ b/doc/common.m4
@@ -140,12 +140,19 @@ m4_define({{_reportingoptions_}}, {{
 : show items with zero amount, normally hidden (and vice-versa in hledger-ui/hledger-web)
 
 `-B --cost`
-: convert amounts to their cost at transaction time
-(using the [transaction price](journal.html#transaction-prices), if any)
+: convert amounts to their cost/selling amount at transaction time
 
-`-V --value`
-: convert amounts to their market value on the report end date
-(using the most recent applicable [market price](journal.html#market-prices), if any)
+`-V --market`
+: convert amounts to their market value in default valuation commodities
+
+`-X --exchange=COMM`
+: convert amounts to their market value in commodity COMM
+
+`--value`
+: convert amounts to cost or market value, more flexibly than -B/-V/-X
+
+`--infer-value`
+: with -V/-X/--value, also infer market prices from transactions
 
 `--auto`
 : apply [automated posting rules](journal.html#auto-postings) to modify transactions.