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The Quote Entry View
This being your first time using Covered Calls Plus, you
will be prompted to
enter some basic values that will be applicable
to all new and existing
positions being considered. When Covered Calls
Plus is first opened, the dialog boxes for entering these values will
automatically open after the number of shares to
purchase is entered on the Quote Entry View. These values can be changed at any
time in the future by selecting 'Tools/Stock & Option Spreads' from the
Quote Entry View menu. These stock and option spread values need not be exact, but should
be a close approximation. This is also the case with the 'Brokerage
Commission' dialog which can also be viewed using the 'Tools' menu item, but
will open automatically the first time the program is opened. If the
check box near the bottom of the 'Brokerage Commission' dialog box is checked, the values
entered will become the default for the next position being considered, whereas
the values in the 'Stock & Option Spreads' will automatically be used in any
new positions.
Using
the 'Tab' key to navigate through Covered Calls Plus can save you a lot of mouse
work, especially areas with multiple entries like the Quote Entry View.

When
you return to the Quote Entry View, the
cursor will be blinking in the text box to the right of the label 'Buy',
enter the number of shares to be purchased in this cell. Tabbing over will cause the
'Brokerage Commissions' dialog to open unless the check box in this dialog box
was checked earlier. When this dialog box is closed, or the tab key is pressed,
the cursor will move to the Stock offer text box. Entering the Stock offer will
complete the needed Stock information, tabbing moves the cursor into the Call
information frame, to the right of the 'Sell' label. Enter the number of Call
contracts to be sold to open. Tab over to the first call quote entry cell, and enter the
Call bid quote. Continue tabbing over and entering the remaining Call bid quotes
in the appropriate boxes. In this particular case using Qualcomm, there
was no quote for the Nov-45, so that text box was left blank. Once data entry is complete, the Quote Entry View will appear as shown below.

If
protective Puts were also being bought, follow the same procedure of tabbing
through and entering quotes, until all the desired Put quote entries have been entered. Don't forget, because you are
buying Puts to open, the quote entered would be the Put offer, not the bid, as
was done with the Call quote entries. Following the last quote entry, hitting
the tab key will highlight the command button labeled - 'Go To the
Evaluation View'. Click the button, press the enter key, or chose 'Go To/Evaluation View' from the
menu.