An action that entails the completion of just one part (leg) of a spread (or generally a derivative position such...

The construction of a combination option such as a straddle or a spread by putting together its two legs, one...

An action that entails the closing out of one leg or part of a spread or generally a derivative position...

The selling of one part of a combination option while retaining position in the remaining part. A leg is one...

In general, a leg is one of several components or steps of a derivative transaction. In connection with combination options,...