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The better strategy to use is to work with the covered call. It is not only less risky but also something that a broker might actually allow you to do. The risks of the uncovered call might be too great when you consider how you would be forced to buy a stock for more than you could afford if you are not successful. Make sure you think about how any stock performs before investing in it and that you have a clear idea of what you will realize from the option.
