[Solved] An option that does NOT identifiably hedge an underlying asset is a A)put option. B)call option. C)naked option. D)futures option. E)credit spread call option. Standard Deviation: A statistical measure of the dispersion or variability within a data set, indicating how spread out the numbers are from the mean. Variability: The extent to which data points in a statistical distribution or dataset differ from each other and from the mean. Standard Deviation: A statistic that measures the dispersion or variation of a set of values from their mean. Average: A statistical measure representing the central or typical value in a set of data, calculated by dividing the sum of all values by the number of values.