| NOUN | act | naked option | a put or call option for which the seller or buyer has no underlying security position |
|---|
| Meaning | A put or call option for which the seller or buyer has no underlying security position. | |
|---|---|---|
| Broader | option | The right to buy or sell property at an agreed price |
| Spanish | opción al descubierto, opción sin garantía | |
| Catalan | opció sense garantia | |
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