Early exit
How to close a position before maturity through a firm maker buyback quote.
Olive positions are designed to settle at maturity, but an active position can often be closed early by selling it back to its original maker for a firm buyback quote.
How exit RFQ works
Early exit reuses the RFQ ceremony in reverse:
Request an exit quote
From Portfolio, choose Sell position on an active position. Olive asks only the original maker, because the program requires the buyback signature to come from the maker recorded in your Position PDA.
Review the maker bid
If the maker bids, Olive shows the firm buyback amount alongside the model mark, the current reference price, and a countdown on the quote.
Accept or keep holding
Accepting closes the position on-chain and pays the buyback amount in USDC, including for a Long Call whose maturity payout would have been in tokens. If you decline, reject in your wallet, or the maker does not bid, you simply keep holding to maturity.
Settling the exit releases the maker's remaining collateral reservation for that position, and the Position PDA moves to the Exited state.
Early exit is not guaranteed. The maker may choose not to bid, and any bid can be above or below the model mark. Never size a position on the assumption that you can exit early.
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