卖出持有标的看涨期权的中文解释

指卖出看涨期权，同时持有该期权的标的资产，以备看涨期权的行使。持有大量可作为期权标的资产的机构如养老基金可进行此类操作。

Covered Call Writing的英文解释

An option strategy that combines a short call position and a long position in the underlying financial instrument or share. By owning the underlying instrument on which the option is written, the call is covered if exercised because the instrument can be delivered. The strategy may be followed by institutions such as pension funds with large holdings of underlying assets.