Sell To Close

Dictionary Says

Definition of 'Sell To Close'

A phrase used by many brokerages on the street to represent the closing of a long position in option transactions.
Investopedia Says

Investopedia explains 'Sell To Close'

An investor can sell to close either (or a combination of) puts or calls and thus will be relinquishing ownership of the option(s). The distinguishing factor of a sell to close is that the option position must have been held long in the account during the transaction.

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'Sell To Close'

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