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C. CALL WRITING pg 55: (1. Reason for Writing (Selling) a Call) b. Covered Call...

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Accounting

C. CALL WRITING pg 55: (1. Reason for Writing (Selling) a Call) b. Covered Call Writing Example CALLS - Are these SHORT 1 ABC MAY 50 CALL LONG 1 ABC MAY 40 CALL It is covered position because we're ____ a call (LONG 1 ABC MAY 40 CALL ) that has an exercise price that is ____ than the ____ call we sold (SHORT 1 ABC MAY 50 CALL ) ____. The long call has to have an exercise price which is ____ ___ or ____ than the _____ price of the ____ call. Additionally , the ____ call must expire at the same ____ or ____ the ____ call

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