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overwrite

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o⋅ver⋅write

  [oh-ver-rahyt] verb, -wrote, -writ⋅ten, -writ⋅ing.
Use overwrite in a Sentence
–verb (used with object)
1. to write in too elaborate, burdensome, diffuse, or prolix a style: He overwrites his essays to the point of absurdity.
2. to write in excess of the requirements, esp. so as to defeat the original intention: That young playwright tends to overwrite her big scenes.
3. to write on or over; cover with writing: a flyleaf overwritten with a dedication.
–verb (used without object)
4. to write too elaborately: The problem with so many young authors is that they tend to overwrite.
Origin:
1690–1700; over- + write
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source Link To overwrite
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o·ver·write   (ō'vər-rīt')   
v.   o·ver·wrote (-rōt'), o·ver·writ·ten (-rĭt'n), o·ver·writ·ing, o·ver·writes

v.   tr.

  1. To cover (something) with writing.

  2. To write about in an artificial or an excessively elaborate, wordy style.

  3. Computer Science

    1. To destroy or lose (old data) by recording new data over it: accidentally overwrote an important document.

    2. To record (new data) on top of already stored data, thus destroying the old data: overwrote an updated document on top of an earlier draft.

v.   intr.
To write artificial, excessively elaborate, or wordy prose.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Word Origin & History

overwrite 
1699, "to write over other writing," from over + write (q.v.). Of computers, it is attested from 1959. Meaning "to write too elaborately or ornately" is from 1923.
Online Etymology Dictionary, © 2001 Douglas Harper
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Financial Dictionary

Overwrite

A type of covered-call strategy that consists of writing call options on stocks that the writer already owns to generate maximum current income from options premiums and dividends.

Investopedia Commentary

The covered-call options strategy is achieved either by simultaneously purchasing the shares and writing options (known as a "buy-write") or by writing the options on shares that the writer already owns (the overwrite).

Usually an investor with a market opinion of neutral to slightly bullish will employ this option writing strategy.

Related Links

Options Basics Tutorial
Naked Call Writing
Come One, Come All - Covered Calls

See also: Buy-Write, Call option, Covered Call, Derivative, Option, Underlying

Also spelled: over write

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