Cabinet trade

A trade that allows options traders to liquidate deep out-of-the-money options by trading the option at a price equal to one-half tick.
Found on http://www.exchange-handbook.co.uk/index.cfm?section=glossary&first_letter=

Cabinet Trade

A transaction in an inactive stock or bond. Discover What It`s Like to Live Easy With EquiTrend
Found on http://www.equitrend.com/glossary402.xhtml
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