Best report for Analyzing Total Performance including Covered Calls?

Question

Within my IRA account, my broker widely uses covered call options.

I am seeking a report or way to determine total performance of the underlying security including the income/gains from the covered call sales. Within Quicken, it allows for the insertion of the "Base Security" in the covered call Security Details, however I don't see any report or other tool that makes use of this linkage.

For those not familiar with covered call options, here is brief, simplistic example:

Buy 50 shares XYZ at $40 per share on Jan 1. Total cost/investment = $2000

On Jan 10, Short Sell a covered call option for $100 that has a strike price of $45. Date of call is 3/15

On 3/15, XYZ price is $44, so option expires and do not have to sell XYZ.

So on 3/15, stock has appreciated by $200, so gain is $2200/$200 = 10%

If I were to also include the $ generated by the covered call option, gain would be $300, so total gain is $2300/2000 = 15%. This is what I am looking for.

I have seen a 2025 thread on this subject (link below), but it did not offer a report or method to directly do this.

Thoughts welcome.

https://community.quicken.com/discussion/7959359/what-is-best-report-for-analyzing-performance-on-covered-calls

NotACPA · Answer

I'm not aware of any existing Q report that uses that "Base Security" info … but you might create an Idea post to that end and see what support it gets from other users.

In general, it takes about 50 votes for the idea to get the attention of the Devs.

EdC · Answer

Thanks Tom. Not a bad approach… and gives me what I'm looking for. A bit of work to set up for each security, but manageable. I was hoping Quicken would have a report them might leverage that "Base Security" linkage with just a checkbox or selection.

Here is an example derived using your method. In this case, had to choose a total of 14 securities. I've also included the report using just the one "base security". Shows the covered calls yielded an extra 5.58% Avg Annual Return (13.12%-7.54%). A bit of work to see this difference also… there was not an option in the report customize to turn on/off things in the Action category (such as turn off ShtSell).

Would be great if Quicken would enhance the reporting more… I've only seen very limited additions and improvements over 30+ years.

Tom Young · Answer

This is entirely a "seat of the pants" response that may prove impractical.

I probably would use the Investment Performance report customized to the one Account, and selected Securities that includes the underlying stock and each of the covered calls related to that stock.