To Close | Buy To Open Sell

It typically increases open interest , as a new contract is often being created between you and a seller. Strategic Intent:

You relinquish your rights and realize a profit or loss based on the difference between your initial BTO premium and the current STC premium. buy to open sell to close

You pay a premium (debit) to a seller to acquire the rights of a contract. Result: You become the "holder" or "buyer" of the option. It typically increases open interest , as a

You expect the underlying asset's price to rise (bullish). It typically increases open interest

This order is used to a position you previously opened via BTO. When you execute an STC order: Action: You sell your existing contract to another party.