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TeachMeFinance.com - explain Open position historic definition... Open position -- London Stock Exchange term for the amount of stock that has been bought for the rise or sold for the fall by speculators. For instance, if it is said that there is a large bull position open in consols or in the consol market it is meant that speculators have bought consols heavily in expectation of a rise in their price. An open position is closed when the bull resells or the bear repurchases, thus liquidating his commitments. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.