A contract for a put option that is written by an investor who holds a position in the underlying asset for the purpose of locking in the cost of delivering the shares if the Option Holder chooses to exercise the option. Compare to covered call. See naked option. See grantor.
Browse by Subjects
See All Related Terms »
cut down on
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):