taking off a leg(redirected from Took off a Leg)
Taking off a Leg
The act or practice of selling one option contract in a combination option while maintaining one or more different ones. This will likely destroy the option strategy of the combination option. Therefore, one only does it when the premium makes the entire combination profitable. See also: Cliquet, Straddle, Strangle.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
taking off a leg
See leg lifting.
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.