Glossary - Delivery
The process of meeting the terms of a written assignment has been received. In the case of a short equity call, the writer must deliver the underlying security and in return receives cash for the stock sold. In the case of a short equity [put.aspx">write.aspx">writer must deliver the underlying security and in return receives cash for the stock sold. In the case of a short equity [put, the writer pays cash and in return receives the underlying security.



Glossary definition courtesy of Glenn R. Pafumi, CFA at OptionTraderOne
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