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pit
(redirected from Arm pit)

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.04 sec.
Pit
A specific area of the trading floor that is designated for the trading of an individual futures or options contract.

Notes:
You've probably seen pictures of traders wildly thrashing their arms and yelling orders in the trading pit. Although it may look like a poorly coordinated Village People concert, there is actual trading going on.

See also: Open Outcry, Rings

Pit
A specific area of the trading floor that is designed for the trading of commodities, individual futures, or option contracts.

pit
A location on a commodities exchange trading floor where the futures of a particular commodity are traded. Also called ring.

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The muscle under his left arm pit was ripped, and the flesh was torn loose from his right biceps.
Wesley Crown is a 5-foot-6, 135-pound left-handed pitcher who barely reaches the arm pit of his towering Kennedy High School teammate, 6-5 Jon Garland.
Unlike other treatments, this technique not only addresses the upper arm excess but it also cleans up the arm pit tissues as well as placing the scar in a desirable location.
 
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