Buy To Open Sell To Close Apr 2026

This order is used to a new long position. When you execute a BTO order:

It can decrease or leave open interest unchanged, depending on whether the buyer is also opening or closing a position. buy to open sell to close

In options trading, "Buy to Open" (BTO) and "Sell to Close" (STC) are the two halves of a standard . They describe the lifecycle of a trade where you purchase a contract first and exit it later by selling it. 1. Buy to Open (BTO): Entering the Trade This order is used to a new long position