closing sale

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

closing sale

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.
Mentioned in ?
References in periodicals archive ?
"Avenue shoppers will be amazed not only by the incredible savings, but also by the great selections and styles available at the closing sale," a spokesperson for newly formed venture said.
operations on March 15, and recently, its Twitter has been counting down the days of its closing sale.The toy chain announced its plans to shut down its U.S.
Smallridge, announced the store will conduct a store closing sale starting July 31, 2014 to liquidate all inventory and store fixtures, including ski shop equipment and silk screen equipment.
By the following summer, Village Furniture again was advertising a "Store Closing Sale" in the online calendar listings of the Chamber of Central Mass South, a local business association.
A CLOSING sale was getting under way at Woolworths stores across Tees Valley today.
A sports store has been ticked off for promoting a closing sale.
The first insight was that millennial shoppers comprised the majority of those who stopped by one of these big stores (in this case, Kmart and Macy's) for the closing sale. In total, all shoppers were divided into two groups based on their shopping patterns - typical shoppers and opportunists. The opportunists were those who had not visited a closing store in more than six months prior to a closure announcement but who did stop by the stores to take advantage of closing sales.
Owners Dave and Susan Basu are retiring from the British & French Colonial antiques and interior decorating business and are having a store closing sale to liquidate all inventory in their store.
Some 657,000 bargain hunters flocked to the store during its 25-day closing sale, including 20,000 Sunday, spending 2.27 billion yen, Sogo officials said.
Department stores in Tokyo registered 189.2 billion yen in sales in January, up 4.5% from a year earlier, but the rise is attributed to a closing sale at a major retail outlet, an industry association said Tuesday.
It's a closing sale for a customer account, according to ISEE data, and opening at that strike was noted last week when buyers paid 35 to 45c Thursday, then 75c Friday.
2.8K Mar 40 calls also traded and apparently closing sales, with the contract $5 ITM.