COVERED OPTION

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does covered option mean? 

• COVERED OPTION (noun)
  The noun COVERED OPTION has 1 sense:

1. a put or call option backed by the shares underlying the option

  Familiarity information: COVERED OPTION used as a noun is very rare.

 Dictionary entry details 

• COVERED OPTION (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)