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.

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.

closing sale

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References in periodicals archive ?
Some 657,000 bargain hunters flocked to the store during its 25-day closing sale, including 20,000 Sunday, spending 2.
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 shows that it is very challenging closing sales in this current environment," said Kim Heddinger, outgoing president of the Eugene Association of Realtors.
Some 10% more brokers reported closing sales at or above asking price compared to what brokers reported in the second quarter of 2010.
A salesperson should really do just the opposite: spend the most time closing sales with the easiest-to-close prospects.