BUY AND WRITE
\bˈa͡ɪ and ɹˈa͡ɪt], \bˈaɪ and ɹˈaɪt], \b_ˈaɪ_ a_n_d ɹ_ˈaɪ_t]\
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Strategy requiring the simultaneous purchase of underlying securities and the writing of call options over those securities representing the same number of those securities.
By Henry Campbell Black