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2 Noun 0 Verb 0 Adj. 0 Adv.
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ENcovered optionNoun
EN
A put or call option backed by the shares underlying the option
bn:00023366n Concept
EN
A covered option is a financial transaction in which the holder of securities sells a type of financial options contract known as a "call" or a "put" against stock that they own or are shorting.
covered call
bn:03107841n Concept

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