Equivalent Positions: An Introduction

When expiration arrives, if the call option is in the money, you exercise the call and own shares. Past performance does not guarantee future results. In other words, if you own stock and sell one call option covered call writing then your position is equivalent to being short one put option with the same strike and expiration. The author expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader. This option allows you to add a system state backup of the Windows system to the backup.


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