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Leg Lifting
(redirected from Lift a Leg)

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Leg Lifting
The act or practice of selling one option contract in a combination option while maintaining one or more different ones. This will likely destroy the option strategy of the combination option. Therefore, one only does it when the premium makes the entire combination profitable. See also: Cliquet, Straddle, Strangle.
leg lifting
The selling of one part of a combination option while retaining possession of the remaining part. For example, an owner of a straddle may sell one part (either the put or the call) when the premium is sufficient to make the entire investment profitable. Also called lifting a leg, taking off a leg.
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After appearing to be slightly unsighted on take-off, Damien's Choice, disputing second place, barely seemed to lift a leg and banked the obstacle, which sent Crowley into orbit.
Sedgefield: Crowley in hospital after crashing fall by The Racing Post (London, England)
 
 
 
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