Burginvest

Outright Transaction

アウトライト取引 Trading & Positioning ✓ Verified Citations Market Practitioner Term
<Definition> A transaction in which a single financial asset is bought or sold on its own, without being combined with an offsetting trade.
日本語
＜定義＞ ある金融資産について、反対売買を組み合わせず、買いまたは売りを単独で行う取引。

<Mechanism>

How an Outright Transaction WorksThe mechanism of an outright transaction in four stages. (1) A position is taken in only one direction, long or short, in a single underlying. (2) The price of the underlying rises or falls in the market. (3) The value of the position changes by the price change multiplied by the quantity; with no opposite position, the change appears at its full size. (4) When the position is closed out by an offsetting trade, the price difference multiplied by the quantity becomes the profit or loss.How an Outright Transaction WorksLongShortor(1) Taking a positionIn a single underlying,one direction onlyPrice(2) A change in the priceof the underlyingThe market pricerises or falls× QtyChangeValue(3) A change in the valueof the positionPrice change × quantity.With no opposite position,it appears at full size+−+¥Settled dailyClosed(4) The realization ofa profit or lossOn closing out, the pricedifference × quantity is the P/LA change in price, without being offset by anything,becomes a change in profit or loss as it is

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