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Definition of Naked option
1. Noun. A put or call option for which the seller or buyer has no underlying security position.
Lexicographical Neighbors of Naked Option
Literary usage of Naked option
Below you will find example usage of this term as found in modern and/or classical literature:
1. Oil and Gas Rights on the Public Domain and on Private Lands: Discovery and by Robert Stewart Morrison, Emilio Dominguez De Soto (1920)
"naked option. A naked option may be withdrawn at any time; it is only a continuous
offer to sell, but if a consideration is paid or if it is accepted before ..."
2. The Kentucky Law Reporter by Kentucky Court of Appeals (1905)
"There Is no mutuality of obligation in It. A mere naked option to one party,
where no advantage or disadvantage, necessary at a consideration to support a ..."
3. OECD Economics Glossary: English-French = Glossaire de L'économie de L'OCDE by Oecd (2006)
"... MOF [BAN] multiply-traded option option négociée sur plusieurs m arches [FIN]
naked Option option vendue à découvert [FIN] near option option à échéance ..."
4. The American State Reports: Containing the Cases of General Value and by Abraham Clark Freeman (1909)
"... but where a mere naked option, destitute of consideration, is given to one,
it is not enforceable, because there is no mutuality of right and remedy. ..."
5. Illustrative Cases on Equity Jurisprudence by Harry Burns Hutchins, Robert Emmet Bunker (1903)
"Lewis H. Graybill never had any title to the land, and the interest of Braugh,
if any, by virtue of a mere naked option to buy, which did not bind him to ..."
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