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Finance Dictionary and Glossary of Investment Terms
Naked Put
Definition 1.
A put option whose writer does not have a short position in the stock on which he or she has written the put.
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Definition 2.
A short put option position in which the writer does not have the corresponding short position in the underlier, or has not deposited in a cash account an amount equal to the exercise value of the put. also called uncovered put.
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