TERMIUM Plus®

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UNCOVERED CALL [2 records]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 1999-11-26

English

Subject field(s)
  • Stock Exchange
CONT

When one sells a call option without owning the underlying stock or any equivalent security (convertible stock or bond or another call option), he is considered to have written an uncovered call option. This strategy has limited profit potential and theoretically unlimited loss. ... since there is no actual cash investment required to write a naked call - the position can be financed with collateral loan value of marginable securities - the strategy can be operated as an adjunct to many other investment strategies.

French

Domaine(s)
  • Bourse
CONT

Lorsqu'on vend une option d'achat découverte, les risques sont illimités alors que le gain est limité. La vente initiale d'une option d'achat découverte est semblable à la vente à découvert d'actions.

Spanish

Campo(s) temático(s)
  • Bolsa de valores
Save record 1

Record 2 1989-10-12

English

Subject field(s)
  • Stock Exchange
  • Investment
CONT

If the stock declines a small amount, the naked call writer benefits more than the other two investors, but on substantial declines the short seller and the put buyer benefit more.

French

Domaine(s)
  • Bourse
  • Investissements et placements
CONT

(...) si le cours de l'action baisse légèrement, le vendeur initial de l'option d'achat découverte réalise un gain plus important que les deux autres investisseurs, mais dans le cas d'une baisse marquée du cours le vendeur à découvert et l'acheteur de l'option de vente réalisent des gains plus importants; (...)

Spanish

Save record 2

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