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naked option

n.
1.a put or call option for which the seller or buyer has no underlying security position

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Word of the Day

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    Idiom of the Day

    fine kettle of fish
    an unsatisfactory situation
    It was a fine kettle of fish when my friend said that he could not come to the wedding.



    1.
    It doesn't matter how late you arrive at this restaurant you can always ________ on a warm welcome from the owner.

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