Covered Calls

[tyska]

I have been reading the stratagies of selling calls and buying puts and have what I'm sure is a simple question for someone here. With an interlisted stock like FFH that you purchased  on the TSX and hold  in a Cdn. dollar account. Seeing there are no Cdn. listed options if you sold a call on the US exchange is it considered a covered call?

 

Thanks,

  Dan

[RichardGibbons]

Yes, it is a covered call. If your broker doesn't recognize it, you can always move the shares from a  Canadian-denominated account to a US-denominated account.  I think I've done this in the past.

[tyska]

Thanks, it was just one of those things I thought would be that way but wasn't sure.

 

Dan