Selling covered CALL options

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Rafi Schwartz
Rafi Schwartz Member ✭✭
in Investing (Windows)
Not sure how my broker classifies the transaction however quicken classifies the sale of a covered CALL as a Shtsell. There are two potential outcomes to this (1) the option expires and was not exercised (2) the option was exercised by the purchaser of the CALL. How do record in quicken the 2 options? Is CvrShrt the correct way to close the original ShtSell?
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  • Rocket J Squirrel
    Rocket J Squirrel SuperUser ✭✭✭✭✭
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    Rafi Schwartz said:
     Is CvrShrt the correct way to close the original ShtSell?
    Yes, in both cases.

    Quicken user since version 2 for DOS, now using QWin Biz & Personal Subscription (US) on Win10 Pro.

  • Rafi Schwartz
    Rafi Schwartz Member ✭✭
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    Can you send a screen shot from quicken that shown how to enter the CvrShrt. I have enclosed a screenshot of the ShtSell.

    Thanks
  • Rocket J Squirrel
    Rocket J Squirrel SuperUser ✭✭✭✭✭
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    OK, here's one.

    Quicken user since version 2 for DOS, now using QWin Biz & Personal Subscription (US) on Win10 Pro.

  • Rafi Schwartz
    Rafi Schwartz Member ✭✭
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    Hi Rocket,

    Just to be sure I am doing this correctly, if the call expired rather than get exercised would the "number of shares" field remain 400 or whatever the number of shares was on the initial ShtSell?

    Thanks
  • Rafi Schwartz
    Rafi Schwartz Member ✭✭
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    Works like a charm. Too bad quicken does not have an "Expired" option.
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