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Covered position

   Also found in: Dictionary/thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia 0.02 sec.
Covered position
Use of an option in a trading strategy in the underlying asset which is already owned.


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dashed from his covered position to the side of the casualty.
Under the terms of the settlement, the employees described above will be entitled to monetary payments, the amount of which will vary based on length of employment with Wells Fargo in a covered position, specific position held, salary, and whether the employee worked in California (where the recovery would be greater) or elsewhere.
 
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