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.

Notes can be added and are optional. Trimming or partially closing positions can be done by using the Trim/Partial Close keywords (trim, trimming, partial, etc.) 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.

Notes can be added and are optional. Trimming or partially closing positions can be done by using the Trim/Partial Close keywords (trim, trimming, partial, etc. ) 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.