無掩護選擇權
naked option
雖無期貨契約多頭部位，卻賣出買權；雖無期貨契約空頭部位，卻賣出賣權，致使部位裸露於風險中，又稱為Uncovered Option。
Although there is no long position in the futures contract, but to sell the right to buy; Although there is no futures contract short position, but sell the right to sell, resulting in parts exposed to risk, also known Uncovered Option.