The trade which starts a position, whether long or short.
A trade in an option account that establishes a new option position, thus adding to the net position of an investor.
Applies to derivative products. (1) Buy or sell transaction that creates a position out of a flat one (writing an option short or buying an option long). Antithesis of closing transaction. (2) First transaction of the day in a stock.
Is the initial purchase or sale of an option contract position. This transaction creates an open position.
An addition to, or creation of, a trading position. An opening purchase transaction adds long options to an investor's total position, and an opening sale transaction adds short options. An opening option transaction increases that option's open interest.
A purchase or sale, which establishes a new position.
An order that, when executed, establishes a Long Position or Short Position or increases an existing Long Position or Short Position in Customer's Account.
The purchase or sale of an option transaction to establish or increase a position.
Refers to a customer either buying or selling an option contract to open a new position.
A trade which adds to the net position of an investor. An opening buy transaction adds more long securities to the account. An opening sell transaction adds more short securities. See also Closing Transaction.
A trade which creates or increases the net position of an investor.
The initial or primary transaction of an options contract. Rights for a buyer are created as is the obligation of the seller.
The purchase or sale of an option. If a sale is an opening transaction, the investor is a writer. See: Closing Transaction; Options; Writer