A few minutes ago I exchanged my semen for sexual pleasure. I am a trader!!! P.S.: The thread is stuuuuupid....
Yes, be vary of counterparty risk, naked positions can be dangerous! I assumed he was short and that the buyer wanted delivery!
It may have been a trade for you but SHE was speculating since she will profit later as you buy her that new purse, dress, and shoes she has been eyeing at the mall.
Isn't the purpose of the business - to minimize risk and maximize profit? And according to this hypothesis covered calls are not always the optimal way to trade or speculate (doesn't matter how you name it).
All of those who "Trade" the markets are Speculators....period. There is just a difference in Time Frame. A day trader speculates with in seconds, HFT traders within mili-seconds...Swing traders, days to weeks and Long Term Traders, months to years. Every one "Speculates" on a move no matter what time frame. To call it by another definition is ass-nine.