Close: Close is the exchange-designated period at the end of the trading session during which all transactions are considered made "at the close."
Close: Close is the exchange-designated period at the end of the trading session during which all transactions are considered made "at the close."
Ring: Ring is a circular area on the trading floor of an exchange where traders and brokers stand while executing futures trades. Some exchanges use pits rather than rings.
Stop Order: Stop Order (sometimes referred to as stop loss order) is an order that becomes a market order when a particular price level is reached. A sell stop is placed below the market, a buy stop is placed above 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.