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Related to long: long division


One who has bought a contract to establish a market position and who has not yet closed out this position through an offsetting sale; the opposite of short.

Long Position

The ownership of a security or derivative, or the state of having bought one or the other. A long position brings with it the right to coupon payments or dividends attached to the security or derivative. Informally, one who owns 100 shares of a stock is said to be "long 100 of the stock." Likewise, an investor who has bought (or holds) an option is said to be "long the option" because he/she has the right to exercise the option at a later date. See also: Short position, Close a position.


References in classic literature ?
Fifteen- year-old Jo was very tall, thin, and brown, and reminded one of a colt, for she never seemed to know what to do with her long limbs, which were very much in her way.
Stretching out her long, lank arm, she put a paper of pearl buttons, a jew's-harp, or whatever the small article might be, in its destined place, and straightway vanished back into the dusk, as if the world need never hope for another glimpse of her.
But her hesitation was only for an instant, though long enough to display a scarlet letter on her breast.
It was "after a bit," as she said, for when the carriage passed through the park gates there was still two miles of avenue to drive through and the trees (which nearly met overhead) made it seem as if they were driving through a long dark vault.
It was not long, before I had almost as many friends in the valley as in Yarmouth: and when I left it, before the winter set in, for Geneva, and came back in the spring, their cordial greetings had a homely sound to me, although they were not conveyed in English words.
Crawling on all fours, I made steadily but slowly towards them, till at last, raising my head to an aperture among the leaves, I could see clear down into a little green dell beside the marsh, and closely set about with trees, where Long John Silver and another of the crew stood face to face in conversation.
Their suspense was not long, for suddenly the monkey skin dropped off, and there stood Prince Alphege, the handsomest and most charming of men.
As a last scene, a "human pyramid" had been announced, in which fifty Long Noses were to represent the Car of Juggernaut.
Long she looked and listened in vain; when one day, as she was wandering through a lonely dell, she heard a faint, low sound of music, and soon a distant voice mournfully singing,--
I am not alarmed," he replied; "I have too long foreseen this event, to feel alarmed at my approaching dissolution--no, for that, blessed be my God and my Redeemer, I am in some degree prepared; but I feel it impossible to shake off the feelings of this life while the pulse continues to beat, and yet the emotions I now experience must be in some measure allied to heaven; they are not impure, they are not selfish; nothing can partake of either, dear Charlotte, where your image is connected with the thoughts of a future world.
They meant to take a long drive this morning; perhaps we may hail them from some of these hills.
It was not long before the old man accepted him to full relationship by calling him by his Christian name.