Legging

Definitions

1. A covering, usually of leather, worn from knee to ankle.
2. Stretchy tight-fitting pants often worn by women or for exercise.
3. One of the legs of a pair of trousers.
4. The process of putting a series of three or more options strikes into the stock market.

Equivalents

Examples

“Take⟳ the legging and turn⟳ up the cuff.”

“As a practical matter⟳, you cannot put⟳ on these positions simultaneously at reasonable prices. In order⟳ to achieve⟳ these positions at a reasonable risk⟳/reward⟳ profile, you must put⟳ the positions in a series of separate⟳ trades. This process⟳ is called legging.”

CEFR level