Open: Open is the period at the beginning of the trading session officially designated by the exchange during which all transactions are considered made "at the open."
Opening: Opening is the period at the beginning of the trading session officially designated by the exchange during which all transactions are considered made "at the opening."
Opening Range: Opening Range is the range of prices at which buy and sell transactions took place during the opening of the market.
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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.