naked option
A naked option is like selling a contract you can’t back up. You hope the price drops, but if it goes up, you have to buy it and sell it for less, which is the worst feeling ever.
I sold a naked option on Netflix. It went up. I had to buy it and sell it for less. I’m out of my mind.
My brother wrote a naked option on Spotify. It went up. Now he has to buy it and sell it for less. He’s mad.
I sold a naked option on Meta. It went up. Now I’m buying it at $300 and selling it at $280. I’m crying.