long position
(finance) a situation in which an investor stands to gain if a particular investment instrument (stocks, bonds, gold, real estate) goes up in value. one “takes a long position” with respect to a particular item.
there are several ways of taking a long position; an obvious way to go long is to actually own the thing itself. supposing you are taking a long position on intel common stock (nasdaq:intc), here are some other ways:
– buy a call option for intc, especially with a strike price higher than the current spot price.
– write a put option for intc, committing yourself to buy more intc stock if the price goes down over the near term
– buy a futures contract for intc at spot (or more).
caveat lector: there are many _potential_ definitions of long position; i have given the broadest one available.
michael: i want to flatten my long position on t-bills.
anna: i would recommend buying a covered interest swap with another major currency, like yen.
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