(FINANCE) the situation in which a derivatives trader with a short position is wrong about the behavior of the market. Having sold shares of stock he doesn't own, he is now compelled to buy them at a higher price than he sold them for (in order to reimburse whomever he borrowed the shares from).
If the short position was taken by writing naked options (i.e., issuing call options of stock the trader doesn't happen to have), then the trader has to buy shares of underlying stock in order to honor the options.
It's extremely expensive for traders to have to cover their shorts.
If the short position was taken by writing naked options (i.e., issuing call options of stock the trader doesn't happen to have), then the trader has to buy shares of underlying stock in order to honor the options.
It's extremely expensive for traders to have to cover their shorts.
The surprising stock rally came as a shock. Nicholas Leeson had been riding high, but now he was furiously covering shorts, and driving the share prices higher still. By closing bell, he was ruined.
by Abu Yahya May 5, 2010
Get the covering shorts mug.The sexual gang-banging of a male unicorn by a party of four, at least two of whom are male. The unicorn penetrates two individuals, one with horn and one with penis, while being penetrated, in turn, orally and anally.
The term derives from a cloverleaf on a freeway that features at least two on-ramps and two off-ramps — Two points of entry, two points of exit.
The term derives from a cloverleaf on a freeway that features at least two on-ramps and two off-ramps — Two points of entry, two points of exit.
We had only been playing Dungeons & Dragons for about half an hour before the whole party forgot its quest and started cloverleafing the hell out of a Unicorn.
by Jerry Gygax November 14, 2011
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Get the cavernous vagina mug.A pair of womens' panties. A woman's bush is hairy like a squirrel, hence, why they call them squirrel covers.
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