Buying an option as an opening transaction is called writing the option.

Name: Buying an option as an opening transaction is called writing the option.
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Buying an option as an opening transaction is called "buying to open" or simply purchasing the option, not writing it. Writing an option refers to the act of selling an option as an opening transaction, which is known as "selling to open" or writing the option.

Buying an Option as an Opening Transaction Is Called Writing