naked writer

Naked writer

Naked Writer

The seller of an option contract who does not own the underlying asset (for a call) or have enough cash to purchase the underlying asset (for a put). This is very high risk.

naked writer

The writer or seller of an option who does not also own the underlying security.
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The book is the outcome of the Naked Writer Project, in which Hartmann wrote the entire 76,000-word novel online in front of a global audience of thousands, who could look in on every key being typed, add their comments, and influence the plot.