write covered call 具体是怎么操作的

嗨，努力学习的PZer你好：

教材370页 - Yield enhancement部分的讲解：

• Investors typically sell call options with a strike price that is above the current price of the stock and in return receive premium income.

write covered call，我们不要被这个write单词误导了，其实就是做一个covered call，covered call我们衍生里面学过，是一个基础资产stock，再卖一个call option来赚点期权费。所以是yield enhancement策略。等到真的价格涨到行权价以上，我们需要按照行权价卖掉股票，这样也实现了一个目的，就是降低concentrated position。教材表述如下：

• The strategy effectively allows the investor to establish a liquidation value (the strike price) for the shares he or she writes call options against.

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努力的时光都是限量版，加油！