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Naked Option

See Uncovered Option.

Naked writer

See Uncovered call writing and Uncovered put writing.

Narrow-Based

Generally referring to an index, it indicates that the index is composed of only a few stocks, generally in a specific industry group. See also broad-based...

Neutral

Describing an opinion that is neither bearish nor bullish. Neutral option strategies are generally designed to perform best if there is little or no net ch...

Non-Equity Option

An option whose underlying entity is not common stock; typically refers to options on physical commodities and index options.

Notice Period

The time during which the buyer of a futures contract can be called upon to accept delivery. Typically, the 3 to 6 weeks preceding the expiration of the co...