Library / English Dictionary

    COVERED OPTION

    Pronunciation (US): Play  (GB): Play

     I. (noun) 

    Sense 1

    Meaning:

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

    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


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