| | InvestHub.com's
Finance Dictionary and Glossary of Investment Terms
covered straddle
Definition 1.
A straddle constructed on shares of stock already owned by the holder. A covered straddle consists of writing a call and a put with the same strike price and expiration against stocks that the holder owns. A covered straddle is not a true covered position, since assignment for the short put would actually require additional stock.
|
|
|