Short against the box

Selling Short Against the Box
A short sale against the box of a stock is where the seller actually owns the stock, but does not want to close out the position.

Selling short against the box
Definition:
Selling short stock that is actually owned by the seller but held in the box, meaning it is held in safekeeping.

Short Against the Box
Selling short stock owned long by the seller in the same account. Short position stock shares that an individual has sold short and has not covered as of a particular date. Sale of a stock not owned by the seller.
Short Put ...

Short against the box: When an investor takes a short position in a security (i.e., borrows a security and then immediately sells it, hoping to buy it back at a lower price in the future for a profit), even though he or she owns the security.

Short against the box
A short sale of a stock is where the seller actually owns the stock, but does not want to close out the position.

selling short against the box A short sale of a given security, where the seller does own but does not want... selling the spread The action of selling when an option sold has a higher premium than the option bought.

Selling short against the box is holding a long position on which one enters a short sell order. The term box alludes to the days when a safety deposit box was used to store (long) shares.

See: Selling short against the box.
Aged fail
An account between two broker/dealers that remains intact after 30 days after the settlement date. The receiving firm must adjust its capital as it can no longer treat this account as an assets.

Essential this involves having a long position in a security and shorting an equal number of shares in that same security. The Taxpayer Relief Act of 1997, essentially eliminated the use of 'selling short against the box' for tax purposes, ...

bonds, keep track of trades, and provide periodic statements of changes in position. Investors who provide for their own safekeeping usually use a safe deposit box, provided by financial institutions for a fee. See also Selling Short Against the Box; ...

govern and limit the conditions under which a short sale may be made on a national securities exchange. Sometimes people will sell short a stock they already own in order to protect a paper profit. This is known as selling short against the box.

See also: Box, Short, Selling short, Position, Stock