Closing Trades

How to close both stocks & options positions

Closing triggers; STC is used to close long BTC is used to close short

Stocks Format

Closing Long

STC <ticker> @ <price> I.e. STC AAPL @ 178.70

To close a long stock position, use the trigger STC followed by the ticker, then the symbol @ before the price.

Example of closing a long position for $AAPL at the price of $178.70

Closing Short

BTC <ticker> @ <price> I.e. BTC AAPL @ 177.94

To close a short stock position, use the trigger BTC followed by the ticker, then the symbol @ before the price.

Example of closing a short position for $AAPL at the price of $178.72

Options Format

Closing Long

STC <ticker> <exp. date> <strike> <call/put> @ <price> I.e. STC SPY 9/15 450 call @ .88 STC SPY 9/15 450c @ .88

To close long options position, use the trigger STC followed by the ticker, then the expiration date using MM/DD format (and /YY if next year), the strike price, and either attaching c or p to it or specifying call or put followed by the symbol @ and the price.

Example of closing a long Call position for $SPY, 9/15 expiration date, $450 strike price, and $0.88 for the price.

You can also use the format with expiration after strike & call/put I.e. BTO SPY 450c 9/15 @ .88

Closing Short

BTC <ticker> <exp. date> <strike> <call/put> @ <price> I.e. BTC SPY 9/15 440 put @ 1.08 BTC SPY 9/15 440p @ 1.08

To close short options position, use the trigger BTC followed by the ticker, then the expiration date using MM/DD format (and /YY if next year), the strike price, and either attaching c or p to it or specifying call or put followed by the symbol @ and the price.

Example of closing a short Put position for $SPY, 9/15 expiration date, $440 strike price, and $0.88 for the price.

Final Notes: - Do not use $ with tickers. - Submit using a specified price, or use CMP or M for submitting at the current market price. - Multiple trades can be submitted in a single message by using 3 back ticks (```) before and after the whole message.

Using Slash Commands

Submitting trades through slash commands has a more user friendly aspect to it but can take some seconds longer than text messages.

Stocks

Type in /close then select stocks.

Type in or select the direction Long or Short.

Input the ticker or select a provided ticker matching your input.

Enter in the price or use 0 for the current market price.

ADD GIF HERE of submitting trade (may need new screenshot for matching data)

Notes can be added and are optional. Trimming or partially closing positions can be done by using the Trim/Partial Close keywords within the notes.

Example of closing a long position for $AAPL at $181.26, with exit notes.

Options

Type in /close and select options.

Type in or select the direction Long or Short.

Input the ticker or select a provided ticker matching your input.

For State, select Call or Put.

Enter in the date using the format MM/DD. (Use /YY if next year.)

Put in the strike price.

Enter in the price or use 0 for the current market price.

ADD GIF HERE of submitting trade (may need new screenshot for matching data)

Notes can be added and are optional. Trimming or partially closing positions can be done by using the Trim/Partial Close keywords within the notes.

Example of partially closing a long options call for $SPY with $450 strike & exp. date of 9/07. Partially closing by using keyword 'trimming' in notes.

Did you know? Quickly closing trades can be done by using the $list or /list command to show all open trades, where each one has a button to immediately close it at the current market price. Check out Commands for a list of all commands and how to use them.