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Open Contracts

Contracts, such as futures/ forwards, that have been purchased (long) or sold (short) while no transactions have been completed by...

Open Interest

The total number of one-side positions outstanding in options or future contracts. In other words, the total number of long...

Short Position

When the investor is pessimistic (bearish) on the price of an asset, on expectation its the price will fall, he...

Covered Position

Generally, a covered position is an outright long position or short position that is covered-i.e., protected, by an offsetting hedging...

Long Position

When an investor purchases a stock on expectation its price will rise, he is said to have taken a long...

Open Position

A position that is taken in the market and still active (not closed). This involves an investment (e.g., a share...

Short a Swap

The position of the fixed-rate receiver (who is also the floating-rate payer) on an interest rate swap. In a plain vanilla swap, the short side trades a...