Returning to the Evaluation View, the 'Record' command button adjacent to the 'Graph' button is only used once the decision has been made to establish a particular position. This button should not be clicked before the transaction have been executed, so that the Stock and Options prices appearing on the Evaluation View are a reflection of the actual transaction. When the 'Record' button is clicked, a nonfunctioning facsimile of the Evaluation View is created and stored as the Current View:
This page is available for review at any time and can be quite useful when comparing volatility, rates of return, or any other significant values when giving consideration to changing the position.
The transaction is also recorded on the Accounting View, where a bookkeeping history of the position is stored and maintained. There are numerous calculations and functions inherent to the Accounting View that will be discussed further in the 'Monitoring' section of this Tutorial.
This concludes the 'Getting Started' portion of this Tutorial. To learn more about the Monitoring of an Open Position, plus introduction to some of the more esoteric aspects of Covered Calls Plus, continue into the next section of the Tutorial by clicking the 'Continue' link below.