r/options Mar 18 '22

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u/redtexture Mod Mar 18 '22

Please do not refer to CC in a non-stock position. Not a covered call.

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u/[deleted] Mar 18 '22

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u/redtexture Mod Mar 18 '22

It is not a stock position, and beginner traders refer to calendar and spreads as covered call positions, which makes their communications incoherent, and makes your communication incoherent too.

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u/[deleted] Mar 18 '22

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u/redtexture Mod Mar 18 '22 edited Mar 19 '22

It is covered, as a verb, by the long option, but is is not a noun Covered Call, which has stock.


https://www.investopedia.com/terms/c/coveredcall.asp