NAKED CALL
\nˈe͡ɪkɪd kˈɔːl], \nˈeɪkɪd kˈɔːl], \n_ˈeɪ_k_ɪ_d k_ˈɔː_l]\
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By not owning the underlying asset and having the call's exercise value amount deposited n a cash account the option writer has this specific type of exposed short call trading position. Contrast to covered call. Also known as uncovered call.
By Henry Campbell Black
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).