[Solved] A naked option is an option written that has no identifiable underlying asset or liability position. Legally Obligated: Required to act in a certain way by law. Contracts: Legal agreements between two or more parties that outline obligations, rights, and terms to which all parties must adhere. Social Media: Online platforms that enable users to create content, share information, and participate in social networking. Persuasive Efforts: The methods and strategies used to convince or influence others to adopt a certain viewpoint or take a specific action.