short leg

(redirected from Short Legs)
Also found in: Dictionary, Encyclopedia.

Short Leg

In an option spread, any option contract on which one has a short position. For example, if one has bought a call and sold a put as part of one's option strategy, the put is said to be the short leg of the spread.

short leg

The side of an option spread that has been sold short. With a spread made up of owning a September 30 call and being short a December 30 call, the December 30 call is the short leg. Compare long leg.
Mentioned in ?
References in periodicals archive ?
Julie Emmerson (20-21) pulled them up to 24th and that was improved to 21st when Frances Briscoe logged the team's fastest short leg of the day, 19-16.
Before the series, much was made of Anderson's rivalry with Clarke, but Broad is his nemesis and the way he worked him over for just one, caught at short leg, gave him the most satisfaction.
Folded & dried like the short legs beneath the neck which fly by in
Short legs: Both tapered and flared jeans will add to the stockiness of short legs.
She is a Munchkin, a breed that is known for abnormally short legs that are often bowed.
Their challenge equated to four laps of the school field for their short legs - but they stopped half way around for a picnic and a breather.
He was one of the greatest short legs there's ever been.
Women who want to elongate short legs should look for high-waisted or mid-rise jeans.
In my day, I was a sprinter of note, on and off the track and in school events our teacher would often marvel at how someone with such short legs could outpace those with much longer limbs.
It's hard to say how the zebra got its stripes, but scientists now know how the wiener dog got its short legs.
Trott, at short leg, did what most short legs do when a batsman attacks and turned away, leaping in the air.