Legging in and out can be done for many different types of options positions. Investors can leg out of strips, straps, spreads, straddles and strangles, among other positions. Legging out is done when the investor is ready to close the position. A leg simply refers to one part of the transaction, such as a straddle which has two legs made up of two options.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
leg out — [phrasal verb] leg out (a hit) also leg (a hit) out baseball, informal : to successfully complete (a hit) by running fast He hurt his knee while trying to leg out an infield hit. She legged out a triple. • • • Main Entry: ↑leg … Useful english dictionary
leg out — transitive verb Date: 1965 to make (as a base hit) by fast running … New Collegiate Dictionary
Out West (1947 film) — Out West Directed by Edward Bernds Produced by Hugh McCollum … Wikipedia
out of action — 1. Not working 2. Temporarily unfit to participate • • • Main Entry: ↑action * * * temporarily unable to engage in a certain activity; not working a heart attack put him out of action | the ship was out of action for 16 days * * * out of action … Useful english dictionary
leg — /lɛg / (say leg) noun 1. one of the members or limbs which support and move the human or animal body. 2. this part of an animal, especially lamb or veal, used as meat to roast, bake, etc. 3. that part of the limb between the knee and the ankle. 4 … Australian English dictionary
Leg theory — is a bowling tactic in the sport of cricket. The term leg theory is somewhat archaic and seldom used any more, but the basic tactic still plays a part in modern cricket.Simply put, leg theory involves concentrating the bowling attack at or near… … Wikipedia
Leg spin — is a style of spin bowling in cricket. A leg spinner bowls right arm with a wrist spin action, causing the ball to spin anti clockwise at the point of delivery. When the ball bounces, the spin causes the ball to deviate sharply from right to left … Wikipedia
Leg shaving — is the practice of removing leg hair using a razor. It is a very common practice among women in Western countries, and is also done by some men, especially cyclists and swimmers. In addition to shaving the hair off, some individuals may use… … Wikipedia
leg-1 — leg 1 English meaning: to drip, ooze, flow out Deutsche Übersetzung: “tröpfeln, sickern, zergehen” Material: Arm. lič ‘swamp, marsh” (*lēgi̯ ü); O.Ir. legaim “löse mich auf, zergehe, schmelze”, fo llega “(die ink) running from”,… … Proto-Indo-European etymological dictionary
leg before wicket — ► leg before wicket Cricket (of a batsman) adjudged to be out through obstructing the ball with the leg (or other part of the body) when the ball would otherwise have hit the wicket. Main Entry: ↑leg … English terms dictionary