Bull: Bull is a trader who expects a rise in prices. Bull trader is the opposite of bear. Bullish trader expects to profit on rising price. A news item is considered bullish if it is expected to result in higher prices.
Bullion: Bullion is bars or ingots of precious metals, usually cast in standardized sizes.
CIF: CIF is the cost, insurance, and freight paid to a point of destination and included in the price quoted.
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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.