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covered writer

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Covered writer
An investor who writes options only on stock that he or she owns, so that option premiums may be collected.
covered writer
The seller or writer of a call option who owns the underlying asset that may be required for delivery. Covered writers are usually conservative investors seeking extra current income. See also buy-and-write strategy.


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Thus, the health plan participant - the covered writer - must pre-pay all state and federal withholding taxes applicable to the additional health benefits.
Writers Guild pens novel health care plan by Spring, Greg / Los Angeles Business Journal
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