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Naked Option: Option position that is not hedged from market risk, i.e.: an option position that is not offset by an equal and opposite position in the underlying security. See the explanation of options trading for more complete information on options.

NASDAQ National Market Securities: The NASDAQ National Market consists of over 3,000 companies that have a national or international shareholder base, have applied for listing, meet stringent financial requirements and agree to specific corporate governance standards. To list initially, companies are required to have significant net tangible assets or operating income, a minimum public float of 500,000 shares, at least 400 shareholders, and a bid price of at least $5.

NASDAQ Small Cap Market Securities: The NASDAQ Small Cap Market consists of over 1,400 companies that want the sponsorship of Market Makers, have applied for listing and meet specific financial requirements. Once a company is approved and listed on this market, Market Makers are able to quote and trade the company's securities through a sophisticated electronic trading and surveillance system.

Net Change: The difference between today's last trade and the previous day's last trade.

Net Road Show: When a company is planning an IPO, it will often perform a "road show" to encourage potential investors to participate in the IPO. Now that the internet has become such a widely used investment tool, underwriters are posting upcoming IPO deals online and presenting multimedia "net" road shows to institutional and accredited investors.