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.

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)

DIY Kids' Lounge Chair: Build this simple, pint-sized chair for the wee ones in your life

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.

Silver lining for Central athletes; Athletics

The next short leg saw Helena Croft picked up one place (20.20).

Harriers teams put up strong show

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.

Weightman and Murray look in relay good form

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).

Godiva hit the road!

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.

Silver medal for Morpeth Harriers in Northern 12-Stage Road Relay Championships; Rival runner goes off course on last leg to hand surprise second place to Northumbrian club in championships in Liverpool

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.

L-instructors drive on to help 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 BOOS BROTHERS; THE ASHES: WHY PACE ACE LOVES BEING AUSSIE HATE FIGURE; Broad: There are three of us who play better when we're being abused.. KP, me and Matty P

The team found the one-year-old dinosaurs had long arms, short legs and walked on all-fours soon after birth.

Scientists Discover 'Parrot Dinosaur' Switched From Four To Two Legs, Information Was 'Locked In The Bones' [PHOTOS]

The most critical part of cross country planning with short legs is the reliability of refueling stops.

Long trips on short legs: even simple, short-legged airplanes can be used to travel long distances. All you need is patience, time and a realistic approach to flight planning

Folded & dried like the short legs beneath the neck which fly by in

Wasp

Short legs: Both tapered and flared jeans will add to the stockiness of short legs.