Since the Herzfeld Hedge involves dealing in options, I refuse to recommend that anyone attempt to employ any of the strategies of the ... Covered writer. The option writer who has a stock position so that he can perform his function if the option is exercised. ... owns 100 shares of XYZ Inc. and 159 Closed-End Fund Hedging and Arbitrage (Including the Herzfeld Hedge) sells a call option against his stock.
|Title||:||The investor's guide to closed-end funds|
|Author||:||Thomas J. Herzfeld|
|Publisher||:||McGraw-Hill Companies - 1980|