naked
C1CEFR level
60/100Rarity: rare
TechnicalRegister
Describing an option or short position held without any offsetting holding in the underlying.
Writing naked calls left the desk facing theoretically unlimited losses if the stock rallied.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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