leg on

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Leg On

To buy or write the option contracts in a combination option separately from each other.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

leg on

To put together a combination option (that is, a straddle or a spread) one side at a time.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.