naked writer

Naked writer

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

naked writer

The writer or seller of an option who does not also own the underlying security.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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In a project she called "The Naked Writer", author Silvia Hartmann composed the saga via daily Google Docs bursts, while thousands of onlookers could freely observe her every keystroke.
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.