william the wie
Gold Member
- Nov 18, 2009
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If you own a stock and you sell a call on it you have written a covered option. Likewise if you see a stock you would like to buy on a dip you put up the money to buy it at say $15 and sell a put. This too is a covered option. Mac and I confused the crap out of some people comparing political activists to the people who buy options.
