Owning or holding options ( i.e., the number of contracts bought exceeds the number of contracts sold). For equities ( equity), a long position occurs when an individual owns securities. An owner of 1,000 shares of stock is said to be "Long the stock." Related: short position. Bloomberg Financial Dictionary
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A market position in which the trader has bought a futures contract or options on futures contract that does not offset a previously established short position. Chicago Mercantile Exchange Glossary
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Any position which has been purchased. For example, a long futures position means that you have bought a future. Contrast with short. Dresdner Kleinwort Wasserstein financial glossary
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long position UK US noun [C] (also bull position) FINANCE, STOCK MARKET
► a situation in which you buy and keep shares, etc. because you expect them to rise in value and make a profit: »
Soybean prices fell sharply as commodity funds dumped long positions.
Financial and business terms. 2012.