Euro: Euro is the official currency of most members of the European Union.
CD: SCD stands for the Certificate of Deposit which is a time deposit with a specific maturity evidenced by a certificate. Large denomination CDs are typically negotiable.
Eurodollars: Eurodollars is U.S. dollar deposits placed with banks outside the U.S. Holders and may include individuals, companies, banks, and central banks.
Instrument: Instrument is a tradable asset such as a commodity, security, or derivative, or an index or value that underlies a derivative or could underlie a derivative.
Pit: Pit (also referred to as a ring) is the area on the trading floor where trading in futures or options contracts is conducted by open outcry. It is a specially constructed area on the trading floor of some exchanges where trading in a futures contract or option is conducted. On other exchanges, the term ring designates the trading area for commodity contract.
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Naked options trading is very risky - many people lose money trading them. It is recommended contacting your broker or investment professional to find out about trading risk and margin requirements before getting involved into trading uncovered options.