
Naked Option An option bought or sold for speculation, with
no offsetting of existing position behind it.
Naked Writing Where the seller does not own the stock cor-
responding to the call option which he has sold
and would be forced to pay the prevailing
market price for the stock to meet delivery obli-
gations, if called.
NASDAQ National Association of Securities Dealers Auto-
mated Quotation system.
National Association of Trade association of pension funds through
Pension Funds (NAPF) which they can voice their opinions collectively.
Netting Trading partners offset their positions, thereby
reducing the number of positions ...