Assertion: call's option | /r/HasProperty | covered
Facets:
Source sentences:
text: Call options are said to be covered if the seller owns the underlying security.
text: If the seller of the call option also owns the underlying security, the option is considered "covered" because he or she can deliver the instrument without purchasing it on the open market at possibly unfavorable pricing.
text: A naked option, also known as an "uncovered" option, is created when the seller of an option contract does not own the underlying security needed to meet the potential obligation that results from selling (also known as "writing" or "shorting") an option.
text: It depends on if the option was covered or naked.