Uncovered Call
The act by a trader to sell a Call option without owning the underlying asset.
Glossary
Uncovered Put
A strategy where the trader sells a Put Option without having a Short position in the underlying Stock.
Underlying
A financial instrument (Stocks, Futures, Commodities, etc.) that formulates the basis for a Derivative’s (such as Options) price.
Unlisted Security
A financial security that has not met exchange requirements to be listed on the exchange.
Up Volume
A security that closes a day of trading activity at a higher volume level than at that day’s opening price.
UpTick
A fluctuation in a securities price which is higher than the previous transaction.
Utilities
A stock sector that is comprised of privatized gas, electricity and water industries.
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