closing purchase

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Closing purchase

A transaction in which the purchaser's intention is to reduce or eliminate a short position in a stock, or in a given series of options.

Closing Purchase

1. Any transaction that closes a position, especially a short position.

2. An option seller's purchase of another option that cancels out the provisions of the previous option by having the same provisions.

closing purchase

References in periodicals archive ?
American online publication The E-commerce Guide quotes a recent study which showed that a whopping 67 per cent of e-consumers abandoned virtual shopping carts before closing purchases due to a lack of confidence in revealing such information as credit card and phone numbers.
We successfully expanded our energy supply business in North America, closing purchases of plants in New York, New England and California and starting construction of plants in Texas and Wisconsin.