Buy Write

Buy Write

Ein Covered Call ist eine Optionsstrategie, bei welcher man Wertpapiere und Optionen verbindet. Gelegentlich wird für diese Variante auch der Name Buy-Write-Strategie verwendet.

Bei einem Covered Call erwirbt man ein Underlying (buy) und verkauft eine Call-Option auf dieses Underlying (write). Dadurch hat man Einkünfte aus dem Optionsverkauf, die man dadurch erwirtschaftet, dass das ganze Konstrukt keine Wertsteigerung erfährt, wenn der Wert des Underlyings am Ausübungsdatum über dem Ausübungspreis liegt. Aus diesem Grund bildet man Covered Calls eher dann, wenn man von stagnierenden oder leicht sinkenden Kurswerten des Underlyings ausgeht.

Eine konservativere Strategie, um Risiken von Underlyings zu begrenzen, ist der Protective Put.

Zertifikate, die eine Covered-Call-Strategie implementieren, heißen im Bankenumfeld Discountzertifikat.

Auszahlungsdiagramm zu einem Covered Call
Grundlegende Funktionsweise eines Covered Calls


Wikimedia Foundation.

Schlagen Sie auch in anderen Wörterbüchern nach:

  • Buy-write — The term buy write is used to describe an investment strategy in which the investor buys stocks and writes call options against the stock position. The writing of the call option provides extra income for an investor who is willing to forego some …   Wikipedia

  • Buy-Write — A trading strategy that consists of writing call options on an underlying position to generate income from option premiums. Because the options position is covered by the underlying position, the downside risk of writing the option is minimized.… …   Investment dictionary

  • buy write — See also covered call. Bloomberg Financial Dictionary …   Financial and business terms

  • buy-and-write strategy — An options strategy that calls for the purchase of stocks and the writing of covered call options on them. Bloomberg Financial Dictionary …   Financial and business terms

  • Can\'t Buy Me Love — «Can t Buy Me Love» Сингл The Beatles из альбома «A Hard Day s Night» Сторона «А» Can’t Buy Me Love …   Википедия

  • Can’t Buy Me Love — «Can’t Buy Me Love» Сингл The Beatles из альбома …   Википедия

  • Can't Buy Me Love — Infobox Single Name = Can t Buy Me Love Artist = The Beatles from Album = A Hard Day s Night B side = You Can t Do That Released = 20 March 1964 (UK) 16 March 1964 (US) Recorded = Pathé Marconi Studios 29 January 1964 Format = 7 Genre = Rock… …   Wikipedia

  • un|der|write — «UHN duhr RYT, UHN duhr RYT», verb, wrote, writ|ten, writ|ing. –v.t. 1. a) to insure (property) against loss. b) to sign one s name to (an insurance policy), thereby accepting the risk of insuring the perso …   Useful english dictionary

  • Read-Write conflict — In computer science, in the field of databases, Read Write Conflict, also known as unrepeatable reads, is a computational anomaly associated with interleaved execution of transactions. Given a schedule D:D = egin{bmatrix}T1 T2 R(A) R(A) W(A) Com …   Wikipedia

  • to write the book — Book Book (b[oo^]k), n. [OE. book, bok, AS. b[=o]c; akin to Goth. b[=o]ka a letter, in pl. book, writing, Icel. b[=o]k, Sw. bok, Dan. bog, OS. b[=o]k, D. boek, OHG. puoh, G. buch; and fr. AS. b[=o]c, b[=e]ce, beech; because the ancient Saxons and …   The Collaborative International Dictionary of English