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Naked writer |
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Naked writerSee Uncovered call writing and Uncovered put writing.Naked writer Similar MatchesRatio writerRatio writerAn option writer who does not own the number of shares required to cover the call options he or she writes. UnderwriterUnderwriterA firm, usually an investment bank, that buys an issue of securities from a company and resells it to investors. In general, A party that guarantees the proceeds to the firm from a security sale, thereby in effect taking ownership of the securities. Underwriters discountUnderwriters discountSee: Gross spread Option writerOption writerThe initial 'seller' of an option. He has to fulfil the terms of the option contract if the holder choose to exercise it. So if the holder exercises a call option to buy some shares, the option writer has to deliver the shares. Note that the option writer has an obligation, but no rights. It is not up to him whether the option is exercised. Managing underwriterManaging underwriterThe leading firm in an underwriting group, which originates the deal and acts as an agent for the group. Further SuggestionsunderwriterOption writer Covered writer writer Lead underwriter |
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