what does on the close mean

The additional "on close" parameter means the order is only executed if the closing price is within the price limit of the order. Traders may use LOC's to take advantage of increased liquidity in an issue right at the close or to lock in the day's closing price. Understanding a Limit-on-Close (LOC) Order

Full Answer

What does the word close mean?

to bring to an end or period; to conclude; to complete; to finish; to end; to consummate; as, to close a bargain; to close a course of instruction Etymology: [Of. & F. clos, p. p. of clore. See Close, v. t.]

What is the synonyms of close?

• affection
• close feeling
• closeness
• fellowship
• friendship
• inseparableness
• intimacy
• warm fellowship

What is the definition of close?

close - unite or bring into contact or bring together the edges of; "close the circuit"; "close a wound"; "close a book"; "close up an umbrella" close up bring together , join - cause to become joined or linked; "join these two parts so that they fit together"

Is close a verb?

What is the verb for close? What's the verb for close? Here's the word you're looking for. close (physical) To remove a gap. To obstruct (an opening ). To move so that an opening is closed. To make (e.g. a gap) smaller. To grapple; to engage in close combat. (social) To finish, to terminate.

What does on Close mean in stocks?

A Market-on-Close (MOC) order is a market order that is submitted to execute as close to the closing price as possible.

What is on the close?

What Is an At-the-Close Order? An at-the-close order specifies that a trade is to be executed at the close of the market, or as near to the close time as possible. An at-the-close order is one in which the broker and/or exchange is directed to ensure that an order is only filled at that given time of the trading day.

What does buy on the close mean?

Buy to Close: Explained. The phrase "buy to open" means that a trader is buying—opening up—either a put or call option. The phrase "buy to close" means that a trader is selling—closing out—either a put or call option.

What is the difference between day and market on close?

Using Day Orders The trader takes further action over the course of the trading day as the individual orders are executed. Intraday traders often use strategies that dictate exiting positions before the market closes. Thus, if an order is not filled by the end of the day, the trader will cancel it.

Can you cancel a market on close order?

Traders are required to submit their market on close orders by 3:45 p.m. EST. On Nasdaq, traders are required to submit their orders by 3:50 p.m. EST since the market closing time is 4:00 pm. At 4:00 p.m., traders are not allowed to cancel their market-on-close orders or even modify them.

What is limit on close?

A limit-on-close (LOC) order is a limit order that is to be executed at the market close. Limit orders control the price that is paid for a security, or what price a security is sold at. The additional "on close" parameter means the order is only executed if the closing price is within the price limit of the order.

What does sell on the close mean?

Key Takeaways Sell to close specifies that a sale is being used to close out an existing long position, and is often used in the context of derivatives trading. Traders normally use a sell to close order to exit an open long position, which a 'buy to open' order establishes.

How do market on close orders work?

A market-on-close order is simply a market order that is scheduled to trade at the close, at the most recent trading price. The MOC order remains dormant until near the close, at which time it becomes active. Once the MOC order becomes active, it behaves like a normal market order.

Whats the difference between buy to open and buy to close?

If a new options investor wants to buy a call or put, that investor should buy to open. A buy-to-open order indicates to market participants that the trader is establishing a new position rather than closing out an existing position. The sell to close order is used to exit a position taken with a buy-to-open order.

Should you buy at market open or close?

For smaller companies, the market hours (post-open) are the best entry times to buy the stock. At this time, all the exchanges are quoting prices and traders have access to more shares. Traders hoping to make an intraday play can buy a stock they may want to close out at the end of the day.

Should you buy stock when the market is closed?

You would trade just like you would during regular hours, by logging into your brokerage account and selecting the stock that you wish to trade. The only difference is that you will have to use a limit order to buy or sell the stock, rather than the kind of market order that you might place during regular trading.

What is the best time of day to sell a stock?

Regular trading begins at 9:30 a.m. EST, so the hour ending at 10:30 a.m. EST is often the best trading time of the day. It offers the biggest moves in the shortest amount of time. Many professional day traders stop trading around 11:30 a.m., because that's when volatility and volume tend to taper off.

Can you buy to close on expiration date?

You can buy or sell to “close” the position prior to expiration. The options expire out-of-the-money and worthless, so you do nothing. The options expire in-the-money, usually resulting in a trade of the underlying stock if the option is exercised.

Should you buy to close a covered call?

The bottom line is that for most profitable covered call positions, it is best to let them ride until expiration. But in certain circumstances it may make sense to close out the trades early to manage risk or free up capital for new opportunities.

What does buy on the open mean?

A "buy to open" order is one placed by an investor on an options contract that essentially gives them ownership of the contract. A "buy to open" order is one placed by an investor on an options contract that essentially gives them ownership of the contract.

Can I buy to close a covered call?

While our examples assume that you hold the covered position until expiration, you can usually close out a covered option at any time by buying it to close at the current market price.

What does "close" mean?

In a close position or manner; closely.

What does "close" mean in a sentence?

Close means to seal up, shut off or make something not be open anymore.

What does close do in a document?

(1) To finish reading or writing a document. The close function typically saves any changes made to the document and releases the file so it can be used by another application. Contrast with open.

What does "closed the area to development" mean?

Closed the area to development; closed the database to further changes.

Where does the word "clos" come from?

From French clos, from Latin clausum, participle of claudo.

What does it mean when a boundary is broken?

The boundary is “broken” if anyone crosses the boundary without permission or an invitation from the land’s owner. See also breach . The legal interest of one who owns a particular piece of enclosed or unenclosed land. To consummate, conclude, or bring to an end, especially a discussion or negotiation.

What Is a Limit-On-Close (LOC) Order?

A limit-on-close (LOC) order is a limit order that is designated for execution at the market close. Limit orders control the price that is paid for a security, or what price a security is sold at. The additional "on close" parameter means the order is only executed if the closing price is within the price limit of the order. This type of order is good only for the market close and does not last for the whole trading day or extend into the next.

What happens if the closing price is above $25.40?

If the closing price is above $25.40, the stock price has exceeded the limit, so the LOC order will not be executed and the trader will not get the shares.

When is a LOC order executed?

A LOC order will only be executed if the closing price matches the limit order price or better. Partial orders may or may not be filled, depending on the brokerage and exchange order allowance.

Is a LOC order guaranteed to fill?

A LOC order is not guaranteed to fill, but the price is controlled.

Can you use a LOC to exit a trade?

They could use a LOC to exit trades as well, but, because it is a limit order, the order is not guaranteed to fill, which means the position could remain open after the market closes.

What is closing in sales?

In sales terms, closing is generally defined as the moment when a prospect or customer decides to make the purchase. Very few prospects will self close, making it necessary for the salesperson to instigate the close. This can be unnerving, especially for new salespeople, as it leaves the salesperson open to the chance of rejection from the prospect.

What is a trial close?

It's often a good idea to try a trial close before you commit to a final close. A trial close is a way to test how ready the prospect is to buy, by asking a question such as "How do you feel about what we've discussed so far?". A prospect who in fact is not ready will often react to a trial close by bringing up an objection.

Why do salespeople use closing techniques?

Salespeople have come up with a number of closing techniques to help soften prospect resistance and put them in a buying mood. These closing techniques can be quite powerful and should be used only as appropriate. A salesperson should never use a closing technique to bludgeon a prospect in the buying something that they don't really want or need. Closing techniques are best used when the prospect is close to buying but is held back by an unreasonable concern.

What happens if a prospect says no?

A no from a prospect at this point is not necessarily the end of the sale. Depending on their reasons for saying no, you may still be able to change their mind and complete the close.

When to use closing techniques?

Closing techniques are best used when the prospect is close to buying but is held back by an unreasonable concern. The salesperson's attitude towards closing has changed quite a bit since the days of Glengarry Glen Ross.

What happens if your prospect's body language is tense?

If your prospect's body language is tense or resistant as you're winding up your presentation, they're probably not ready to break out their wallet. In that case, closing becomes far more complicated. It's often a good idea to try a trial close before you commit to a final close.

Is objection a good sign?

Remember that objections are actually a good sign because if the prospect is completely uninterested, they'd just say "no thanks" and show you the door. Once you've responded to all of the prospect's objections, you can either float another trial close or move to a final close, depending on how confident you feel at that point.

What does CTC mean in closing?

Once those hurdles have been cleared, you’ll learn even more lingo during the closing process. One of the most important phrases, “clear to close” or CTC, can have a big impact on your home purchase. If your lender or realtor has called to tell you that you’re clear to close, here’s what it means.

How long does it take to close after final approval?

How long it takes to close after final approval could be a matter of days, so start packing once you sign the final purchase agreement! A factor that could impact this timeframe is the time of year you’re buying; if it’s the peak buying season in your area, the closing office and title companies could be busy, and you might have to wait for an available appointment.

How long does it take the underwriters to clear to close?

Your purchase agreement likely contained a tentative closing timeline, with a move-in date. Home sellers need to plan when they’ll vacate, and home buyers need to hire movers or sell their current home. It’s part of your realtor’s job to manage this closing timeline, but

Can a loan be denied after clear to close?

Yes, while unusual, a loan can be denied after you’ve received the clear to close notice. Typically, this is because something in your situation has changed.

Is it better to close at the end of the month?

Yes, try to arrange for a closing near the end of the month. Lenders collect on interest from the settlement date going forward. It saves you money to close later, and since mortgage payments aren’t due until one full month after closing you can also save money in the meantime.

Can you set a closing date for a mortgage?

Once you have received notice that you’re “clear to close,” you can set an actual closing date. The underwriter has verified your employment, done a final credit check, and reviewed any updated bank statements.

Does a closing disclosure mean clear to close?

They won’t even start work on it until they know the loan is good, but that doesn’t mean you’re guaranteed to close on the house.

What does clear to close mean?

Clear to close is more straightforward than you’d think. Jessica Sanchez, the Director of Mortgage Fulfillment Operations here at HomeLight, explains:

What happens before the clear to close?

According to Ellie Mae’s Origination Insight Report for 2019, the average closing takes about 47 days from start to finish. This, of course, depends on a few variables, such as getting preapproved for a mortgage, or whether you’re taking out an FHA or a VA loan, which may take a bit longer. (We aren’t even counting all of the possible delays that can push back the closing date !)

How long does it take to close on a mortgage with Ellie Mae?

According to Ellie Mae’s Origination Insight Report for 2019, the average closing takes about 47 days from start to finish. This, of course, depends on a few variables, such as getting preapproved for a mortgage, or whether you’re taking out an FHA or a VA loan, which may take a bit longer.

What is the next task on the list when applying for a mortgage?

The next task on the list is to get a home inspection and a home appraisal. The home inspection isn’t necessarily a must-have when applying for a mortgage, as it’s typically done at the discretion of a buyer, but it will help to negotiate if there are any repairs that need to be made.

Is closing day a nerve racking time?

The weeks leading up to closing day can be a little nerv e-racking because nothing is set in stone. However, fear not, because once you get a notification that you’re clear to close, you’re golden!

Can you delay closing on a home?

In the event the home has incurred major damages or new issues have popped up, you can ask to delay the closing while your agent negotiates with the list ing agent to come up with a fair resolution.

What Does Clear to Close Mean?

If you’ve received a “clear to close” status on your loan, congratulations! You’re close to the finish line.

What happens if you quit your job?

If you quit or lost your job since your loan approval, your loan could be denied. Even if you left your job for another job with equal pay, your loan could still be denied, or delayed, depending on the type of loan you have.

What is close reading?

Close reading is an instructional strategy where a text is read multiple times, for the purpose of uncovering deeper meaning. Emphasis is placed on analyzing the text, beyond simple recall questions. It can be likened to peeling back layers of an onion. Educators must carefully select texts for close reading, looking for those with rich vocabulary, ...

Why is close reading important?

For students who require extra support, close reading is advantageous because they have the opportunity to visit a story more than once. Close reading is done in the form of read alouds also allows all students to participate, even those who may struggle to read the text independently.

How does close reading help students?

For example, students may be cued to listen for the author’s purpose. They may be asked to describe the story from the perspective of a specific character. Close reading can help students develop an understanding of inferencing, as they listen for implied versus stated information in a text. Students can be asked to read to discover the important message we learn from the text or what the text inspires us to do. They may be cued to think about what questions they still have after the text concludes or what wonderings they experienced throughout the story. Teachers may choose to have students complete these activities orally, using strategies such as “turn and talk” or “think, pair, share.” Alternatively, teachers may ask students to record their thinking in writing, using blackline masters or reading journals.

How to introduce close reading in kindergarten?

In kindergarten, close reading can be introduced through teacher read alouds. The texts chosen have to be complex enough to lend themselves to being re-read over multiple days, with a specific purpose set for each read. For beginning readers, having the text read aloud by the teacher is an effective way to begin incorporating close reading ...

What are the benefits of close reading?

Unlike other components of reading programs, close reading requires that a text be read more than once. This process provides opportunities for students to explore the text in several ways, including enjoyment, deepening their understanding, and collaborating with others.

Why do teachers need to focus on close reading?

There are a multitude of areas teachers can choose to focus on, as they facilitate a deeper examination of texts. To support language development , teachers may focus on taking a closer look at challenging vocabulary.

Can you do close reading in older grades?

In older grades, where students have become more proficient readers, close reading can still be done through read alouds and guided reading, and independent reading. Teachers need to select texts at students’ instructional level to access the texts and explore their deeper meaning.

What Is A Limit-on-Close (LOC) Order?

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Understanding A Limit-on-Close (LOC) Order

Loc Order Terms and Procedures

Example of A Loc Order