Definition of scope - the extent of the area or subject matter that something deals with or to which it is relevant, the opportunity or possibility to d Definition of scope - the extent of the area or subject matter that something deals with or to which it is relevant, the opportunity or possibility to d dictionary thesaurus
Definition of Long Put: An investor is said to be long a put option when he has purchased a put option and currently owns the put. The term going long refers to buying a security, and applies to being long a stock, long a call, and long a put.
In terms of a security, such as a stock or a bond, or equivalently to be long in a security, means the holder of the position owns the security and will profit if the price of the security goes up. Going long a security is the more conventional practice of investing.