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Uncovered Options

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Uncovered options

Naked Option
An option contract without another, opposite option hedging the risk. Unlike more complex spreads and straddles, which involve the purchase or sale of multiple options in order to profit in different ways, naked options are straightforward calls or puts. An investor with a naked option makes a profit or loss depending on the movement of the underlying asset. Naked options are also called uncovered options. See also: Covered options.


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30,000 [pounds sterling]; any remaining uncovered options are unapproved.
In addition to competitive pricing and state-of-the-art security solutions, E*TRADE Canada provides customers with a broad set of tools and services to make the most of their online investing experience, including real time account balances, customizable trading platforms, direct market access, trailing stop orders, uncovered options trading, SmartAlerts and the IPO Centre online, to name a few.
These uncovered options will be covered through future repurchases and the cost included in subsequent periods.
 
 
 
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