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A covered option is a financial transaction in which the holder of securities sells (or "writes") an options contract, either a "call option" or a "put option", against stock that they own or are short, respectively.
Covered calls & Overview
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| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Covered option | is a | financial transaction in which the holder of securities sells | 0.90 | text |
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