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leg lifting

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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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Preliminary results from a double blind, placebo controlled study conducted at the University of Memphis, showed a statistically significant difference in the onset of knee soreness during the 48 hours following intense leg lifting.
 
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