Uncovered/Covered

"Uncovered" and "Covered" can refer to various concepts depending on the context in which they're being used. Here are a few common interpretations: 1. **Finance/Investment**: - **Covered**: This term is often used in the context of options trading to describe a situation where the seller of an option owns the underlying asset. For example, a covered call is when an investor holds a stock and sells call options on that stock, thereby providing some downside protection.