Salam, thank you admins for creating an amazing resource like this forum, may Allah reward you all.
I have done some readings on naked calls & puts, and realize that the majority of scholars disapprove of their transactions. To my understanding, it seems that the reasoning is due to the fact that options are just transactions of risk with no underlying asset ownership.
However, with covered call options, I would be owning the 100 shares while selling the contract for a fee/percentage; hence I do have ownership of the asset. Would this make selling contracts on shares that I own halal? Any advice on this would be much appreciated!
JazakaAllahu Khair