Covered


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Related to Covered: Covered call

Covered

A written option is considered to be covered if the writer also has an opposing market position on a share-for-share basis in the underlying security. That is, a short call is covered if the underlying stock is owned, and a short put is covered (for margin purposes) if the underlying stock is also short in the account. In addition, a short call is covered if the account is also long another call on the same security, with a striking price equal to or less than the striking price of the short call. A short put is covered if there is also a long put in the account with a striking price equal to or greater than the striking price of the short put.
References in periodicals archive ?
The market standard today is for covered bonds to have only one or two ratings, says Steen Blaafalk, Treasurer, Senior Executive Vice President at Danske Bank.
3 : to form a covering over <Snow covered the ground.
The regulations impose a restriction on the use of the SCM by requiring the taxpayer to "reasonably conclude in its business judgment that the covered services do not contribute significantly to key competitive advantages, core capabilities, or fundamental risks of success or failure in one or more trades or businesses of the renderer, the recipient, or both.
This is said to ensure a homogeneous and untextured surface of the covered rolls without any air inclusions.
While the Suspicious Activity Reporting rule applies to insurance companies and the covered products--and not to agents and brokers--insurers are required to implement policies and procedures designed to detect suspicious activity from all relevant sources.
Part I, in the January 2006 issue, analyzed best practices and the definitions relevant to covered opinions.
Covered entities are defined as (1) health plans, (2) health care clearinghouses, and (3) health care providers who electronically transmit any health information in connection with transactions for which HHS has adopted standards.
NOTE: For the covered sponge, remove the plastic wrap before weighing.
If your employer does cover you, don't assume that you are covered for all things related to your job.
Topics covered include productivity, competitiveness, failure analysis, teams, organizational structures, key performance indicators, benchmarking, implementation of world class reliability and maintenance, the new role of the supervisor, cost cutting, flexibility, multi-craft, PM inspection intervals, do the right thing, why PM programs fail, and many more.
We had a sad follow-up assignment during the last year: We covered the murder of GOL founder Robert Boisvert, who appeared on our first cover.
After the application is executed, G-Cover generates a report showing which tagged blocks and conditional branch targets were covered by the test.