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I can answer your questions in a couple of ways.
First, using covered calls, there is always the potential of your stock being called away. This will occur of course if it is a covered call in the same account as the stock you are writing on and all the other factors like strike and time come to pass warranting a call exercise.

If you were to open a seperate account and write calls, whether or not you own the stock to cover, these would in most cases be considered naked. Most brokers will require you to write with the stock to cover in the same account. Otherwise you will be required to maintain a specific amount of margin as the calls are being considered naked.

Various brokers have different polocies so I would check with yours to be 100% certain. Hope this helps.

Fool On!
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