Closing purchase - A transaction in which the purchasers intention is to reduce or eliminate a short position in a stock, or in a given series of options.
The purchase of an option, by a writer, which has the same terms as an option which has previously been sold. This transaction terminates his/her obligations as a writer.
Closing purchase : a transaction in which the purchasers intention is to reduce or eliminate a short position in a stock, or in a given series of options.
the purchase of an option, by a writer, which has the same terms as an option which has previously been sold. this transaction terminates his/her obligations as a writer.
Closing purchase