uncovered

COVERED AND UNCOVERED OPTIONS An option contract is considered covered if the writer owns the underlying asset or has another offsetting option position. In the absence of one of these conditions, the writer is exposed to the risk of having to fulfill the contractual obligations by buying the...

Housing market's bottom has yet to be uncovered ... 2.47 percent in the first quarter, according to the Mortgage Bankers Association. Using the MBA and other data, Lawler calculates that there are 1.34 million one-to-four family first-lien mortgages ... More...