A covered call is the

	1.	sale of a call option when no shares of the stock are owned.
	2.	purchase of both a call and a put on a stock at the same exercise price.
	3.	sale of both a call and a put on a stock at the same exercise price.
	4.	sale of a call option on shares of stock already owned.
	5.	sale of a call option on a stock that was purchased with a put.