To easily close a position in TWS:
- Click on the New Window button (or Account menu) and select Portfolio
- Right click on the position you wish to close
- Click the Close button at the top of the right click menu
- An order line will populate
- Review the order, make any modifications and click Transmit when ready.
Please Note:
- As IBKR does not allow clients to simultaneously maintain both a long and short position in a given instrument, any order to sell (buy) will only result in a short (long) position to the extent the order quantity exceeds any existing long (short) position held and which would then be closed by execution of that order. Therefore, it is not possible to specify "Sell to close" or "Sell to open", nor "Buy to open" or "Buy to close" when submitting an order.
- The Close Button allows you to close any open position, even without trading permissions. This feature ensures you maintain control over existing positions. However, please be aware that account-level restrictions may limit access to this function.
Additional Information
- Closing positions in TWS available in our TWS User Guides