101 trades were delivered in 2017-20 96% of them profitable
Options Glossary - Most Used Terms
Closing Transaction
A reduction or an elimination of an open position by the appropriate offsetting purchase or sale. Basicaly this is a trade that reduces an investor's position. Closing buy transactions reduce short positions (an existing long option position is closed by a selling transaction) and closing sell transactions reduce long positions (an existing short option position is closed by a purchase transaction). This transaction will reduce the open interest for the specific option involved.