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an opening transaction is one in which you are either creating or increasing a position in a particular options contract if you are purchasing an option to hold in your account and have no current position in that option this is an opening purchase transaction you are creating a long position if you already own a particular option and purchase another just like it this is also an opening purchase transaction in this case you are increasing a long position in that option from one to two contracts conversely if you are writing an options contract to maintain a short position in your account this is an opening sale transaction you are creating a short position if you are short an option and write another options contract with the same terms this is also an opening sale transaction you are increasing your short position in that option from one to two contracts you