Sentences with phrase «selling uncovered options»
Not exact matches
A «naked put» is an uncovered put option that you have sold.
https://www.borntosell.com/
It is «covered» because you own the underlying stock at the time you sell the call option (if you didn't own the underlying stock you would be selling an «uncovered», or «naked», option).
A trader selling out - of - the - money puts is said to be selling naked or uncovered put options.
Selling uncovered puts requires level five option trading authorization, the highest level for most brokers.