Exchange Currency

covered straddle

A straddle constructed on shares of stock already owned by the holder. A covered straddle consists of writing a call and a put with the same strike price and expiration against stocks that the holder owns. A covered straddle is not a true covered position, since assignment for the short put would actually require additional stock.

Related information about covered straddle:
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  5. Telefonica Options Stategy: Covered Straddle - Seeking Alpha
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  8. Montréal Exchange - MX Covered Straddle Writers' Index (MPCX)
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