What is the meaning of covered option?

noun

  • A put or call option backed by the shares underlying the option. .
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). covered option. Retrieved September 23, 2026, from http://smartdefine.org/covered_option/definitions/1188896
ChicagoWordNet. 2010. "covered option" http://smartdefine.org/covered_option/definitions/1188896 (accessed September 23, 2026).
HarvardWordNet 2010, covered option, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/covered_option/definitions/1188896>.
MLAWordNet. "covered option" 23 October 2010. Web. 23 September 2026. <http://smartdefine.org/covered_option/definitions/1188896>
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