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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Opening transaction  

Definition 1.

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.
 

Definition 2.

The trade which starts a position, whether long or short.
 
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