[OkayPhysicist]

> You don't come out ahead in the worst case

But you were offering it based on the market price when you offered it. The "loss" is merely one of opportunity, you're not actually losing any value you had when you sold the option, right?

[lsaferite]

If you sold the option and don't hold the stock then you are exposed to essentially uncapped losses.

[0cf8612b2e1e]

Listed scenario started by saying you own SPLK.

[lsaferite]

Correct, but this sub-section of the thread veered off into the naked options territory and I was simply trying to clear up the confusion of the person I was replying to.