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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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.