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covered call option

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covered call option
A call option sold short by an investor owning the underlying stock. If the option is later exercised against the short seller of the option, the seller is covered by the stock that is owned. Compare naked option.


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2002-66, the Service held that if a grantor of a qualified covered call option (QC) holds a put option on the same underlying equity, the purchased put will cause the stock and the QC to be part of a larger straddle and ineligible for the Sec.
Finally, shareholders approved a proposal to amend one of the Fund's investment restrictions to permit the Fund to write covered call options and purchase call options to close out open covered call options.
Fiduciary Asset Management was established as an independent investment firm in 1994 and has managed covered call option portfolios for clients since 1997.
 
 
 
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