Writer


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Related to Writer: Freelance writer

Writer

The seller of an option, usually an individual, bank, or company that issues the option and consequently has the obligation to sell the asset (if a call) or to buy the asset (if a put) on which the option is written if the option buyer exercises the option.

Option Writer

One who originally sells an option contract. In exchange for the premium, the option writer takes on an obligation to buy or sell (depending on the type of option) the underlying asset at the discretion of the option holder. For example, in a call, the option writer must sell the underlying asset to the option holder if the holder decides to exercise the option. If the option writer does not already have a long position in the underlying asset, he/she must obtain one so as to sell the position and fulfill the contract.

writer

The person who creates an option by selling an option contract in an opening transaction. An investor may be the writer of a call or a put. See also naked writer.

Writer.

In the options market, a writer is someone who sells put or call options, an activity known as writing a call or writing a put.

Unlike the buyer, or holder, of an option, who can exercise an option or let it expire, as the writer you must meet the terms of the contract if the option is exercised and assigned to you.

You collect a premium for selling the option, which may provide a profit if the option expires worthless, and you always have the right, before exercise, to buy an offsetting contract and end your obligation to buy or sell.

References in classic literature ?
{22} This would be fair from Sicily, which was doing duty for Ithaca in the mind of the writer, but a North wind would have been preferable for a voyage from the real Ithaca to Pylos.
There can be no doubt that the Odyssean line was suggested by the Iliadic, but nothing can explain why Idaeus jumping from his chariot should suggest to the writer of the "Odyssey" the sun jumping from the sea.
The fact that in the "Iliad" Menelaus came to a banquet without waiting for an invitation, determines the writer of the "Odyssey" to make him come to a banquet, also uninvited, but as circumstances did not permit of his having been invited, his coming uninvited is shown to have been due to chance.
The writer here interrupts an Iliadic passage (to which she returns immediately) for the double purpose of dwelling upon the slaughter of the heifer, and of letting Nestor's wife and daughter enjoy it also.
It is plain therefore that the audience for whom the "Odyssey" was written was one that would be unlikely to know anything about the topography of the Peloponnese, so that the writer might take what liberties she chose.
{36} The lines which I have enclosed in brackets are evidently an afterthought--added probably by the writer herself--for they evince the same instinctively greater interest in anything that may concern a woman, which is so noticeable throughout the poem.
{37} Sparta and Lacedaemon are here treated as two different places, though in other parts of the poem it is clear that the writer understands them as one.
If the writer strictly observes the rules above-mentioned, he hath discharged his part; and is then intitled to some faith from his reader, who is indeed guilty of critical infidelity if he disbelieves him.
The writer has lived, for many years, on the frontier-line of slave states, and has had great opportunities of observation among those who formerly were slaves.
There is nothing that they are not willing to give or do to have their children instructed, and, so far as the writer has observed herself, or taken the testimony of teachers among them, they are remarkably intelligent and quick to learn.
The writer well remembers an aged colored woman, who was employed as a washerwoman in her father's family.
The first writers of the Arthur story had made a great deal of manly strength: it was often little more than a tale of hard knocks given and taken.