covered option covered couch • covered smut · · · Info · Definitions · Characters · · covered option · · Text Common · · Latin · · Scripts 14 · · Length 4 · · Syllables Definitions · · · (noun) a put or call option backed by the shares underlying the option. Synonyms: covered option. · · Noun Definition 1 Characters · · space U+0020 c latin small letter c U+0063 d latin small letter d U+0064 e latin small letter e U+0065 i latin small letter i U+0069 n latin small letter n U+006E o latin small letter o U+006F p latin small letter p U+0070 r latin small letter r U+0072 t latin small letter t U+0074 v latin small letter v U+0076