Sell To Close
A phrase used by many brokerages on the street to represent the closing of a long position in option transactions. Investopedia Says:
An investor can sell to close either (or a combination of) puts or calls and thus will be relinquishing ownership of the option(s). The distinguishing factor of a sell to close is that the option position must have been held long in the account during the transaction. Related Terms:
Buy
Buy to Close
Buy to Open
Call
Long
Open Interest
Option
Put
Sell to Open
Short |