Buy To Open
A term used by many brokerages to represent the opening of a long position in option transactions. Investopedia Says:
Investor can buy to open either (or a combination of) puts or calls, and thus will be holding the option(s) long. The distinguishing factor of a buy to open is that the option position is not held short in the account during the transaction. Related Terms:
Buy
Buy to Close
Call
Long
Open Interest
Option
Put
Sell to Close
Sell to Open
Short |