TERMIUM Plus®

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UNCOVERED OPTION [4 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 1999-11-26

English

Subject field(s)
  • Stock Exchange
CONT

An uncovered put is written with the belief that the underlying security will not decline in price during the life of the option. If the stock's price remains steady or rises, the naked writer will not have stock "put to him" and will of course keep the premium from the put option written.

French

Domaine(s)
  • Bourse
CONT

Un investisseur vend à titre de vendeur initial une option de vente découverte parce qu'il pense que le cours de la valeur sous option ne baissera pas pendant la durée de validité de l'option. Si le cours de l'action ne change pas ou monte, le vendeur initial découvert ne recevra pas d'assignation et, par conséquent, gardera la prime sur l'option de vente qu'il a vendue.

Spanish

Campo(s) temático(s)
  • Bolsa de valores
Save record 2

Record 3 1999-05-07

English

Subject field(s)
  • Stock Exchange
  • Investment
DEF

Option contract in which the seller does not possess the underlying asset, which would be necessary in the event that the option is exercised.

CONT

The Mutual Fund may not write uncovered options but may write covered corporation clearing options provided that the market value of securities underlying the options written shall not exceed 10 percent of the funds equity investment portfolio.

OBS

uncovered option: term and definition reproduced from the CAPITAL Business Dictionary with the permission of LID Editorial Empresarial.

OBS

Compare with "covered option".

French

Domaine(s)
  • Bourse
  • Investissements et placements
DEF

Contrat d'option pour lequel le donneur n'a pas de position en compte sur l'actif sous-jacent à l'option donnée.

OBS

option non couverte : terme extrait du CAPITAL Business Dictionary et reproduits avec l'autorisation de LID Editorial Empresarial.

Spanish

Campo(s) temático(s)
  • Bolsa de valores
  • Inversiones
DEF

Contrato de opción en el que el vendedor de la opción no posee la inversión subyacente, que necesitará en el caso de que se le ejecute la opción.

OBS

opción no cubierta: término y definición extraídos del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.

Save record 3

Record 4 1991-11-13

English

Subject field(s)
  • Stock Exchange
  • Investment
CONT

Many further leverage, income and capital gain opportunities open up with more sophisticated (and speculative) option trading practices. These include uncovered or naked writing (e.g., writing a call when the seller does not own the underlying security), ...

Key term(s)
  • uncovered write
  • naked write

French

Domaine(s)
  • Bourse
  • Investissements et placements
CONT

D'autres méthodes de négociation plus complexes (et plus spéculatives) créent des occasions supplémentaires d'amplification, de revenu et de gain en capital. On peut citer, entre autres, la vente initiale découverte d'options (c'est-à-dire la vente initiale d'une option d'achat lorsque le vendeur ne détient pas les actions sous option), (...)

Key term(s)
  • vente initiale découverte

Spanish

Save record 4

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© Public Services and Procurement Canada, 2026
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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