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Term of the Day
naked writer
naked warrant
name, change of
Definition
The
seller
of a
stock
or other
option
who does not
own
or have enough
money
to
purchase
the
actual
security
being sold. Clearly this is a high
risk
security
for any
investor
. Also called
uncovered call
writing,
uncovered put
writing.
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Popular 'Options' Terms
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derivative
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