Uncovered Options Trading System
Price Limit: Price Limit (also referred to as Maximum Price Fluctuation) is the maximum advance or decline, from the previous day's settlement price, permitted for a futures contract in one trading session.
Exchange: A central marketplace with established rules and regulations where buyers and sellers meet to trade futures and options contracts or securities. Exchanges include designated contract markets and derivatives transaction execution facilities.
Low: Low is the lowest price of the day for a particular futures or options on futures 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.