closing sale
(redirected from Closing Sales)Closing sale
A transaction in which the seller's intention is to reduce or eliminate a long position in a stock, or a given series of options.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Closing Sale
1. Any transaction that closes a position, especially a long position.
2. An option buyer's sale of a second option that cancels out the provisions of the previous option by having the same provisions.
2. An option buyer's sale of a second option that cancels out the provisions of the previous option by having the same provisions.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
closing sale
See closing transaction.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.