covered option

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Related to covered option: Covered put, covered call option
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.covered option - a put or call option backed by the shares underlying the option
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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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The American Academy of Family Physicians, which had urged Medicare officials to add the HPV test as a covered option for cervical screening, praised the decision.
All grades of leather can be cleaned, and fabrics too can be de-stained, but if you think your white sofa is going to be particularly prone to damage then perhaps a loose covered option is the best thing.!