naked option
NOUN
12 LETTERS · STARTS WITH N
naked option is a valid 12-letter word worth 18 points in Scrabble and 21 points in Words with Friends.
SCRABBLE
WORDS WITH FRIENDS
N1A1K5E1D2O1P3T1I1O1N1
1 + 1 + 5 + 1 + 2 + 0 + 1 + 3 + 1 + 1 + 1 + 1 =18 PTS
DOUBLE WORD → 36TRIPLE WORD → 54
MEANING
What does naked option mean?
NOUN · 1 SENSE
1
A put or call option for which the seller or buyer has no underlying security position.
BROADER