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.
Investment dictionary. Academic. 2012.
Close Corporation Plan — A form of business buy sell agreement. Close Corporation Plans stipulate that the surviving partners must purchase all of the shares owned by the deceased partner or owner. The plan outlines the method of funding as well as the price at which the … Investment dictionary
sell — W1S1 [sel] v past tense and past participle sold [səuld US sould] ▬▬▬▬▬▬▬ 1¦(give something for money)¦ 2¦(make something available)¦ 3¦(make somebody want something)¦ 4¦(be bought)¦ 5 sell like hot cakes 6¦(idea/plan)¦ 7 sell yourself 8 sell… … Dictionary of contemporary English
sell — [v1] exchange an object for money advertise, auction, bargain, barter, be in business*, boost, clinch the deal, close, close the deal, contract, deal in, dispose, drum, dump, exchange, handle, hawk, hustle, market, merchandise, move, peddle,… … New thesaurus
sell out — sell [v1] exchange an object for money advertise, auction, bargain, barter, be in business*, boost, clinch the deal, close, close the deal, contract, deal in, dispose, drum, dump, exchange, handle, hawk, hustle, market, merchandise, move, peddle … New thesaurus
sell out — {v.} 1a. To sell all of a certain thing which a store has in stock. * /In the store s January white sale the sheets and pillowcases were sold out in two days./ 1b. To sell all the stock and close the store; go out of business. * /The local… … Dictionary of American idioms
sell out — {v.} 1a. To sell all of a certain thing which a store has in stock. * /In the store s January white sale the sheets and pillowcases were sold out in two days./ 1b. To sell all the stock and close the store; go out of business. * /The local… … Dictionary of American idioms
close a deal — ► to complete a successful business arrangement with someone: »The company plans to sell its generic drug unit and expects to close the deal in late March. Main Entry: ↑close … Financial and business terms
close out — Synonyms and related words: balance, balance the books, bar, book, button up, cap, capitalize, carry, carry over, carry to completion, cast up accounts, charge off, clean up, clear the trade, climax, close the books, close up, complete, conclude … Moby Thesaurus
close out — verb 1. make impossible, especially beforehand • Syn: ↑preclude, ↑rule out • Derivationally related forms: ↑preclusive (for: ↑preclude) • Hypernyms: ↑ … Useful english dictionary
close — The close is the period at the end of the trading session. Sometimes used to refer to closing price. Related: opening. Bloomberg Financial Dictionary The period at the end of the trading session officially designated by the exchange during which… … Financial and business terms
