Question: 1 . Is selling a naked put the same as a limit buy order if the strike of the option is the same as the

1. Is selling a naked put the same as a limit buy order if the strike of the option is the same as the limit order? Why or why not?
2. Why are options often compared to insurance?
3. One of the important price attributes of options is time left until expiry. Based on this fact, why do longer-term options have a higher price than shorter-term options, ceteris paribus?
4. Why does a naked call offer potentially unlimited risk, but a naked put doesnt?
5. Why would a broker insist on more investor experience before allowing the client access to more complex strategies?

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