closing purchase

(redirected from Closing Purchases)

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 ?
9K after yesterday's closing purchases, but at 212.
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.