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Early closure
- Introduction
OptionsClick trading platform allows:
- Open positions to be closed out prior to the scheduled expiry time.
All open positions are listed in the “My Open Trades” section to the right of the “Trade” window.
- Click on the asset name to open the trading slip and view the available return for early closure.
- Simply click on the close button and the option will expire with the available rate of return.
- Terminology
The following terminology is used by OptionsClick to calculate values for closing positions prior to the scheduled expiry time:
- Market Price – The last known market price as calculated from prcies listed by Bid, Ask, and Last Trade, as quoted in real time by Data Provider.
- Time to Expiration – The time left until the position reaches the scheduled expiry time.
- In the Money - The last known position was recorded as a “win.”
- Out of the Money - The last known position was recorded as a “loss.”
- Availability
The “Close Position” function is not available at the following times:
- A certain amount of time after the position has been purchased (usually 5 minutes).
- Following the “no more trades” time (however many minutes trading is shut down before expiry).
OptionsClick reserves the right to suspend the early closure function at any time.
- Introduction