To sell a previously purchased futures or options contract or to buy back a previously sold futures or options position. Also referred to as Offset or Square off or Close out
Rule number one : most things will prove to be cyclical
Rule number two : some of the greatest opportunities for gain and loss come when other people forget rule number one
A corporation or separate division of a futures exchange that is responsible for settling trading accounts, collecting and maintaining margin monies, regulating delivery and reporting trade data.