naked option
ˈneɪkəd ˈɔpʃən-
(n)
naked option
a put or call option for which the seller or buyer has no underlying security position
AVerizon doesn't exactly advertise the option many call "naked DSL " (it prefers the more decorous term "stand-alone DSL "). ashingtonpost.com
AVerizon doesn't exactly advertise the option many call "naked DSL" (it prefers the more decorous term "stand-alone DSL"). ashingtonpost.com
From Figures 2 through 8, it is apparent to the naked eye that the multiscale model represents a vast improvement over the Heston model–especially, for call options with the shortest maturities.
A Fast Mean-Reverting Correction to Heston's Stochastic Volatility Model
This problem arises for a writer of a naked or a partially naked call option.
Optimal replication of random claims by ordinary integrals with applications in finance