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Unwind

• Is the activity which reverses a position. If an investor was long an option spread then he would sell the position to close it. If the investor had a butterfly position in bonds, then she would have to offset each leg or wing to remove the trade. Unwind can refer to Long Liquidation or Shortcovering activities.

 
 Embedded terms in definition
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Investor
Liquidation
Long
Offset
Option
Position
Sell
Spread
Trade

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