NAKED CALL
\nˈe͡ɪkɪd kˈɔːl], \nˈeɪkɪd kˈɔːl], \n_ˈeɪ_k_ɪ_d k_ˈɔː_l]\
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By not owning the underlying asset and having the call's exercise value amount deposited n a cash account the option writer has this specific type of exposed short call trading position. Contrast to covered call. Also known as uncovered call.
By Henry Campbell Black
