Options Glossary, Market-on-Close Order (MOC), Close,Market,Order
Uncovered Options Trading System
101 trades were issued in 2017-20 only 4 red
Options Glossary - Most Used Terms
Market-on-Close Order (MOC)
A type of option order which requires that an order be executed at or near the close of trading on the day the order is entered. A MOC order, which can be considered a type of day order, cannot be used as part of a GTC order.
See Also:
Close: A reduction or an elimination of an open position by the appropriate offsetting purchase or sale. An existing long option position is closed by a selling transaction. An existing short option position is closed by a purchase transaction. This transaction will reduce the open interest for the specific option involved.
Market: A specific asset, security or commodity that is traded at an exchange.
Order: A ticket or voucher representing long or short securities and options.
