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Investors & landlords
"Selling a covered call simply means that I have the shares to cover the sale. THat is not a short sale,"
Your account may not have status to write naked calls but does have status to write covered calls.
Selling a covered call simply means that the broker reserves your stock as surety against assignment, and you have not written a naked call option. Either way, naked or covered, it is a short sale of a call.
‎August 22, 2023
6:41 AM