Cheniere Energy Inc (LNG)

[sonetirot]

Naked call is when you sell CALL and you have no stocks.
If you have stock, It would called "covered CALL"
You will lose your shirt (unlimited lose until you close out position) if stock going up.

You need to sell PUT (ie. Naked PUT) hopefully to collect premium since stock never come down below strike price.

You then could use that float money to buy CALL to leverage unlimited upside potential (without paying margin interest since you are using float cash money). The combination term called "Synthetic long"