BUY AND WRITE
\bˈa͡ɪ and ɹˈa͡ɪt], \bˈaɪ and ɹˈaɪt], \b_ˈaɪ_ a_n_d ɹ_ˈaɪ_t]\
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Strategy requiring the simultaneous purchase of underlying securities and the writing of call options over those securities representing the same number of those securities.
By Henry Campbell Black
Word of the day
dust storm
- a windstorm that lifts up clouds of dust or sand a windstorm that lifts up clouds dust or sand; "it was the kind of duster not experienced in years"