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I planning on adding covered calls to my trading repertoire and tried to see how they would work in Quicken (v.2006). Apparently there is no direct way to enter this type of transaction except as a short sale on a manually entered security (the sold call). This seems rather awkward, since most calls will expire without being exercised.

Perhaps I should just mention the call in the memo and consider the premium received as a return of capital on the stock transaction. If I get assigned or buy back my call to cover before the expiration date, I guess I can retrospectively change this.

Anyone else have a better way of doing this?

(X-posted to the Mastering Quicken board)
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