The construction of a combination option such as a straddle or a spread by putting together its two legs, one at a time. For example, an investor may write options on the short leg of the spread while buying options on the long leg.
The construction of a combination option such as a straddle or a spread by putting together its two legs, one at a time. For example, an investor may write options on the short leg of the spread while buying options on the long leg.
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