[Solved] Which of the following represents a pair of homologous structures? A)the wing of a bat and the scales of a fish B)the wing of a bat and the wing of a butterfly C)the antennae of an insect and the eyes of a bird D)the wing of a bat and the flipper of a whale Naked Call Option: An options strategy where the investor sells call options without owning the underlying asset, exposing them to unlimited potential losses. Potential Loss: The amount of money that could be lost in an investment or financial transaction under adverse conditions. Call Premium: The amount by which the price of a call option exceeds its intrinsic value, reflecting the cost to purchase the option above its immediate exercise value. Call Contract: An agreement that gives the option buyer the right, but not the obligation, to buy a specified quantity of an asset at a predetermined price within a certain time frame.