naked option

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a put or call option for which the seller or buyer has no underlying security position
An opening transaction in an option when the underlying asset is not owned by the investor writing the option. If a stock on which such an investor has written a call option is then called by the option holder, the investor must purchase shares in the market for delivery and is therefore caught naked. Also called uncovered option
naked option

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    na·ked op·tion

    Türkçe nasıl söylenir

    neykıd ôpşın

    Telaffuz

    /ˈnākəd ˈôpsʜən/ /ˈneɪkəd ˈɔːpʃən/