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I have taken a position on an European style option. We know European style options can’t be exercised before expiry, so can’t I close my position before expiration day if I want?

April 26, 2017European exercised expiry option Options position style

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I have taken a position on an European style option. We know European style options can’t be exercised before expiry, so can’t I close my position before expiration day if I want?

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Yes, you can close out your position by squaring off which in short means taking the reverse position.