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A comment on SoftBank unmasked as ‘Nasdaq whale’ that stoked tech rally. Parent comment

Re:SoftBank unmasked as ‘Nasdaq whale’ that stoked tech rally by DarmokJalad1701 on Friday September 04, 2020 @05:12PM (#24378937)
Long puts don't need collateral. Since he said "BTO" instead of "STO", naked or not is not applicable.
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Re:SoftBank unmasked as ‘Nasdaq whale’ that stoked tech rally by edoceo on Friday September 04, 2020 @05:56PM (#24379282)
BTO = Buy to Open (open the position)

STO = Sell to Open

When selling calls, you want to hold the underlying, else you're naked. When selling puts your coverage is cash

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