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Graduated call writing
| Глоссарий экономических терминов |
Selling covered call options at incrementally rising exercise prices, so that as the price of the underlying stock rises and the options are exercised, the seller receives a higher average price than the original exercise price.
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Underlying, английский
- A исходный, лежащий в основе; глубинный form, structure, word underspecification n грамматическая неправиль- ность; несоответствие грамматическим пра- вилам (ант. licensing)
- What supports the security or instrument that parties agree to exchange in a derivative contract.
Incremental, английский
Пошаговый; представляемый в приращениях; увеличивающийся; возрастающий
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Selling short against the box, английский
Selling short stock that is actually owned by the seller but held in the box, meaning it is held in safekeeping. the seller borrows securities needed to cover as the stock in the box may be inaccessible, or the seller may not wish to disclose ownership. the traditional motive for this transaction was to defer capital gains taxes. however, this method became infeasible under the taxpayer relief act of 1997.
Equal dollar swap, английский
Selling common stock/convertibles in one company and reinvesting the proceeds in as many shares of (1) another type of security issued by the company, or (2) another security of the same type but of another company -- as can be bought with the proceeds of the sale. see: equal shares swap.
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