Having no clothes on; uncovered; nude; bare; as, a naked body; a naked limb; a naked sword.

Unprovided with needful or desirable accessories, means of sustenance, etc.; destitute; unaided; bare.

Without pubescence; as, a naked leaf or stem; bare, or not covered by the customary parts, as a flower without a perianth, a stem without leaves, seeds without a pericarp, buds without bud scales.

of sporangia, not covered by an indusium; of seeds, exposed on the surface of a sporophyll (not enclosed within an ovary); of flowers, without perianth; of protoplasts or gametes, not bounded by a cell wall.

An investment in which options sold short are not matched with a long position in either the underlying or another option of the same type that expires at the same time or later than the options sold. The loss potential of naked strategies can be virtually unlimited.

position in which the writer does not own the underlying asset (call) or does not have the cash to purchase the asset (put), i.e. he has an uncovered option position. Such a position involves effectively unlimited risks. Contrast with a covered position, where the risks are limited. See Covered.

A long or short market position taken without having an offsetting short or long position.

A naked option strategy is an uncovered option strategy. It is an investment in which options sold short are NOT matched with either a long position in the underlying or a long position in another option of the same type which expires at the same time or later than the options sold. The loss potential with naked writing is virtually unlimited.

Without addition, exaggeration, or excuses; not concealed or disguised; open to view; manifest; plain.

Mere; simple; plain; as, the naked truth.

having no protecting or concealing cover; "naked to mine enemies"- Shakespeare