|
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Numerical Terms
Link
link
|
U
At The Money - The Strike nearest the current price of the Underlying.
Uncovered Call Writing -
A short call option position in which the writer does not own an equivalent position in the underlying security represented by his option contracts.
Uncovered Option -
A written option is considered to be uncovered if the investor does not have an offsetting position in the underlying security. See also Covered.
Uncovered Put Writing -
A short put option position in which the writer does not have a corresponding short position in the underlying security or has not deposited, in a cash account, cash or cash equivalents equal to the exercise value of the put.
Underlying Security -
The security subject to being purchased or sold upon exercise of the option contract.
Undervalued -
Describing a security that is trading at a lower price than it logically should. Usually determined by the use of a mathematical model. See also Overvalued and Fair Value.
Unit of Trading -
The minimum quantity or amount allowed when trading a security. The normal minimum for common stock is 1 round lot or 100 shares. The normal minimum for options is one contract (which normally covers 100 shares of stock).
|
