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legging out

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legging out
The closing of one side of a hedged position while leaving the other side of the hedge position open. For example, an investor might buy an October call on ExxonMobil and sell short a November call on the same stock. Subsequently buying the November call to cover the short position while continuing to hold the October call results in the investor legging out.
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Ethier was only in the game because starter Matt Kemp slightly strained his hamstring while legging out a soft grounder an inning earlier.
DODGERS GET A BREAK IN VICTORY L.A. ENDS SKID WITH EASY WIN OVER ... by Daily News (Los Angeles, CA)
Knosp aggravated a previous injury while legging out a double during Saturday's 7-3 loss to Valencia.
DAILY UPDATE by Daily News (Los Angeles, CA)
It didn't take long for Valencia (24-3, 8-0) to set the tone, as Ashley Herrera led off the bottom of the first by legging out a home run over right fielder
SOFTBALL: QUEEN OF THE FOOTHILL VALENCIA WINS SHARE OF LEAGUE WITH ... by Daily News (Los Angeles, CA)
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