|
Posted by Steve Dell on December 24, 2006, 8:02 pm
Please log in for more thread options Buying a call is really easier than writing a covered call. You are not
short anything.
Just change the number of contracts to the number of shares of the
underlying stock and multiply it by the strike price. It's really a piece of
cake, but not fruitcake <g>
Steve
> My money guy sells covered calls for me. When I download the
> transactions from him they record as Short Sells using the number of
> shares (e.g. -100), not contracts. When the call expires it records as
> "added", which takes the number from -100 to 0. If the call is
> exercised it's a Sell.
> Buying a call is a little trickier.
> On Fri, 22 Dec 2006 06:24:46 -0700, "Steve Dell"
>
>>Quicken doesn't handle stock options at all.
>>
>>When I write a covered call, I enter a short sale for 100 shares (per
>>contract) of the stock at the strike price. Quicken's database of stocks
>>doesn't handle stock options, bonds and a variety of financial instruments
>>beyond basic stocks.
>>
>>I've been trading options for many years and that's the only major short
>>coming with Quicken, any version, IMHO.
>>
>>Steve
>>Tucson AZ
>>
>>> I'm a new user to Quicken Premier 2007, having switched from MS Money.
>>> To enter a short sale of 10 MasterCard January 100 stock options, I
>>> found I had to do a lot of "fudging" to make the entry show the
>>> correct amounts because Quicken doesn't seem to have the abiliity to
>>> recognize the differences in stock options from stocks. For example, I
>>> had to enter 100 shares instead of 10 options and Quicken was unable
>>> to find the correct symbol (MA AT). Am I doing something wrong?
>>
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap