小黑龙 · 2021年05月20日
NO.PZ2018091705000067
问题如下：
Explain two drawbacks to write covered calls as a monetization strategy.
选项： 解释：
There are two potential drawbacks with this strategy: The investor retains full downside exposure to the shares (to the extent the share price decreases by more than the premium received), and the upside potential is limited (the call strike price plus the premium received).
covered call本身就是买进股票，同时卖出看涨期权
write是卖出，那不是要反过来么
王暄_品职助教 · 2021年05月20日
writing covered call，即卖出手持股票对应的call option 因为如果预计股价会跌，但就跌一点点，那么我就可以通过卖call option赚一些premium（前提是premium>股价跌的幅度，这样才会赚钱）
但为什么我们有时候还会选择write call option呢
1. 因为如果预计股价会跌，但就跌一点点，那么我就可以通过卖call option赚一些premium（前提是premium>股价跌的幅度，这样才会赚钱）
2. 但如果就这么不巧，股价大涨，buyer来找我行权，那么我也就刚好把这一大笔single-stock position卖给buyer了，拿着钱我再去做别的分散化投资以达到monetization的目的
NO.PZ2018091705000067 Explain two awbacks to write coverecalls a monetization strategy. There are two potentiawbacks with this strategy: The investor retains full wnsi exposure to the shares (to the extent the share pricreases more ththe premium receive, anthe upsi potentiis limite(the call strike priplus the premium receive. 不明白最后一句，为什么最大收益是premium和strike price的和呢？ 股价下跌时候，若太多，premium覆盖不过来，最多也就赚premium； 股价上涨时候，最多也就是strike price。 为什么就是两个的和呢？
NO.PZ2018091705000067 There are two potentiawbacks with this strategy: The investor retains full wnsi exposure to the shares (to the extent the share pricreases more ththe premium receive, anthe upsi potentiis limite(the call strike priplus the premium receive. Write call optoin 跟yielenhancement with coverecall是一回事吗？
Explain two awbacks to write coverecalls a monetization strategy. There are two potentiawbacks with this strategy: The investor retains full wnsi exposure to the shares (to the extent the share pricreases more ththe premium receive, anthe upsi potentiis limite(the call strike priplus the premium receive. 请老师一下write coverecall
