short leg

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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
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.
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* 2 short legs (B), 2 by 6 by 16 3/4 inches (long to short of 45 degrees)
It was a new Central ladies' team BUTFIONA Davies set off in fine style on the short leg, bringing the team home in 16th place in 20.45.
The next short leg saw Helena Croft picked up one place (20.20).
Fastest short legs: 1 J Bowness (Traff) 10:09; 2 R Murray (Gates) 10:10; 3= C Parr (Gates) and J Roden (Sale) 10:17; 5= A Wiles (Morp) and M McNeil (Salf) 10:26; 7 R Floyd (Morp) 10:29.
Godiva's men, short of several regular competitors, did well to clock 4-47-37 over the six long / six short legs to finish 25th behind Morpeth Harriers (4-21-52) who led from the third stage to eclipse hot favourites Notts AC (4-23-06).
Fastest short legs: M AbuRezeq (Altrin) 11:16; 2 C Parr (Gates) 11:27; 3 A Wiles (Morp) 11:38; 4 J Roden (Sale) 11:40; 5= D Easter and M Salter (both Leeds) 11:45; 7 G Hogg (Traff) 11:48; 8 B Russell (Liv) 11:49; 9 J Willis (Leeds) 11:54; 10 C Smith (Morp) 11:55.
Dubbed The Big Learner Relay, learner drivers will be taking on short legs of the journey in a nationwide effort to raise money for the charity.
"To get two short legs in and to get him caught at short leg was awesome because we do our bowling meetings and that's how we wanted it to go.
The team found the one-year-old dinosaurs had long arms, short legs and walked on all-fours soon after birth.
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.