Just reecieved my approval for trading options from WellFargo and I'm curious as to what the trade limits mean. All level 2 stuff. Hoping someone can help.These are the trades that pop up when I click option trads. Write covered call(I got that one) but what does "buy put to close" and "sell put to close" mean? How do I buy to close a position if I can't "sell to open" that position? I am new to this and not nealy as smart as I should be---YET.W4fool
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