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Entering Short Stock Options

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?

Reply to
Joel L (Pan out all the gold)
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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

"Joel L (Pan out all the gold)" wrote in message news: snipped-for-privacy@4ax.com...

Reply to
Steve Dell

Reply to
Jim T.

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

Reply to
Steve Dell

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