How do I sell specific lots? (Versus Purchase – VSP)

A Versus Purchase (VSP) allows a sell order to be matched with specific buy lots for that symbol.

To process a VSP, please send an email to [email protected] with the following details before the trades settle:

Symbol
Sell date
Sell price
Sell quantity
Purchase date
Purchase price
Purchase quantity

Please note: We can match up to two whole purchase lots for each sell order. Partial lots are not permitted.

Example:

Suppose an owner of 100 shares of ABC stock, divided into the following lots:

50 shares purchased on January 1 at $10 per share
30 shares purchased on February 1 at $20 per share
20 shares purchased on March 1 at $30 per share

After a sell order for 50 shares, the sale may be matched to the 30 shares purchased on February 1 at $20 per share and the 20 shares purchased on March 1 at $30 per share. Simply email us after the sell order is completed and inform us of the preferred matching purchase lots.

How do I rollover a 401(k) to Firstrade?

The symbol of my position is denoted with a seven-digit security number instead of a tradeable symbol. How do I sell this position?

Expiration, Exercise, and Assignment

How do I change from FIFO to LIFO?