"uncovered option." YourDictionary, n.d. Web. 15 September 2018. <http://www.yourdictionary.com/uncovered-option>.
uncovered option. (n.d.). Retrieved September 15th, 2018, from http://www.yourdictionary.com/uncovered-option
option position in which the writer doesn’t own the underlying securities. If
the option is exercised, the writer has to purchase the underlying securities
in the market, which may result in a loss. Also called naked option.
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