Usually means: Option contract with owned asset.
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We found 15 dictionaries that define the word covered option:

General (8 matching dictionaries)
  1. covered option: Vocabulary.com
  2. covered option: Dictionary.com
  3. covered option: Rhymezone
  4. covered option: FreeDictionary.org
  5. covered option: Mnemonic Dictionary
  6. covered option: TheFreeDictionary.com
  7. covered option, Covered option: Longman Dictionary of Contemporary English

Business (7 matching dictionaries)
  1. covered option: Merriam-Webster Legal Dictionary
  2. MoneyGlossary.com (No longer online)
  3. INVESTORWORDS (No longer online)
  4. Glossary of Legal Terms (No longer online)
  5. Covered Option: Financial dictionary
  6. BusinessDictionary.com (No longer online)
  7. Yahoo Tax Center Glossary (No longer online)

(Note: See covered_options as well.)

Definitions from Wikipedia (Covered option)

noun:  A covered option is a financial transaction in which the holder of securities sells (or "writes") a type of financial options contract known as a "call" or a "put" against stock that they own or are shorting.


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