题目
Which of the following is the riskiest form of speculation using options contracts?
选项
A.Setting up a spread using call options
B.Buying put options
C.Writing naked call options
D.Writing naked put options
答案
C
解析
Selling an option is riskier than a spread or buying an option. In the case of selling a naked put option, the maximum loss equals the strike price. In the case of selling a naked call, the loss potential is unlimited, so it is the riskiest of the choices provided.卖出期权比买入期权风险更大。在卖出裸看跌期权的情况下，最大损失等于执行价格。而在卖出裸看涨期权的情况下，损失是无限的，因此它是风险最大的。