COVERED OPTION

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A put or call option backed by the shares underlying the option

Classified under:

Nouns denoting acts or actions

Hypernyms ("covered option" is a kind of...):

option (the right to buy or sell property at an agreed price; the right is purchased and if it is not exercised by a stated date the money is forfeited)

Credits