covered position meaning

[Economics]
A position in which all risks are hedged

Compare:

open position.

See:

hedge.

[Finance]
Use of an option in a trading strategy in the underlying asset is already owned.

• covered:    Adjective: covered ...
• position:    Noun: position&nbs ...
• bone-covered:    Adjective: bone-co ...

Examples

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1. you should make a covered position
2. The captured Lewis gun was fired on the McGreal house from a covered position by O'Flaherty.
3. As the patrol left this covered position, they received intense enemy small arms fire killing one member of the patrol instantly.
4. Players can also blindfire their weapons from covered positions, and have opportunities to shoot selected armor pieces and limbs off enemies.
5. Observation was limited by trees and open spaces could be commanded from covered positions and made untenable by small-arms and artillery fire.