BTO/STO/BTC/STC# Stock
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BTO: "Buy To Open" - Buy in order to establish a new long position
STO: "Sell To Open" - Sell short in order to establish a new short position.
(For stocks, abbreviation becomes SSHORT).
BTC: "Buy To Close" - Buy in order to cover (close) an already-open short
position.
STC: "Sell To Close" - Sell in order to exit and already-open long position.
STO: "Sell To Open" - Sell short in order to establish a new short position.
(For stocks, abbreviation becomes SSHORT).
BTC: "Buy To Close" - Buy in order to cover (close) an already-open short
position.
STC: "Sell To Close" - Sell in order to exit and already-open long position.