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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?


To: Uncle Frank who wrote (4618)11/22/2006 3:21:48 PM
From: Carl Worth  Read Replies (1) | Respond to of 5205
 
right but the "covered" part of a covered call refers to the fact that your long stock position "covers" the risk that the stock will soar and if you only sold a naked call, you would be at risk for the full amount beyond the premium you realized