Steps to sell to close a long position

You can close a long position by selling the number of contracts that you are long.

• Sell the number of contracts that you are long
• You do not need to post collateral for a short position when selling to close

Steps to close your long position:

1. Click on Positions in the main dashboard (to the right of Open Orders) > click the position you want to close 
   
2. Click Sell to Close to launch the order form
   
3. Enter the price you want to receive. The Contracts field is populated with the number of contracts you are long.
   
   
   
4. Review your sell order. You will see the Premium, or the amount you will receive for selling this option. (Typically you post close to the current Ask Price)
   
   
5. Confirm your order
6. When your trade executes, your position will be 0 > view in Open Orders until filled

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