How to Record a Called-Away Covered Call
Use Call Away when a covered call is exercised and the underlying shares are sold. Recording the call-away keeps the position outcome, wheel chain, performance, and tax information consistent.
The position must be OPEN and use the Covered Call (CC) strategy.
Have the call-away date, assignment price, share quantity, and any fees from your broker statement.
Make sure the covered call has an underlying cost basis; it is needed for an accurate stock gain or loss calculation.
Open the covered call details
Find the exact CC position that was exercised.
- Open Trades and click the covered-call row.
- Verify the ticker, strike, expiration, and CC strategy in the detail panel.
Choose Call Away
This opens the lifecycle form for a covered-call assignment.
- In the action area, click Call Away.
- Do not use Assign; Assign is for cash-secured puts.
Enter the broker-confirmed details
Use the actual stock-sale details from the brokerage activity.
- Set the call-away date.
- Confirm the assignment price and number of shares sold.
- Enter fees and notes when applicable.
Confirm the outcome
Save only after the details match your broker statement.
- Click the confirmation button to record the call-away.
- The position becomes closed and its detail panel shows the outcome.
- Review the Taxes page if you need to check whether the stock sale has complete cost-basis data.
A missing cost basis can make the stock-gain portion incomplete, so add it through Edit before relying on tax figures.
Use the Wheels page to review the relationship between the assigned CSP and later covered-call activity.
Review your tax estimate and data-quality notices on the Taxes page.