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covered option

n.
1.a put or call option backed by the shares underlying the option

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Word of the Day

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    Idiom of the Day

    by all accounts
    from all reports, from what everyone is saying
    By all accounts, the new manager is a very good person.



    1.
    Choose an idiom to replace the expression in the brackets:
    I think that our boss (has a secret plan) which we will discover later.

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