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.