For an investor wanting to protect against downside loss without selling his or her stock position, puts are insurance against ... If the call is exercised because the price of the stock rises, the option writer is obligated to buy the stock back and ... ownership of the underlying stock (a strategy known as covered call writing). 3.
|Title||:||Rattiner's Review for the CFP(R) Certification Examination, Fast Track, Study Guide|
|Author||:||Jeffrey H. Rattiner|
|Publisher||:||John Wiley & Sons - 2009-04-27|