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Leg

Single option in a strategy

What is Leg?

Leg An individual option in a multi-option strategy. An iron condor has 4 legs. Legging in means entering legs separately rather than as a package.

Complete Definition

An individual option in a multi-option strategy. An iron condor has 4 legs. Legging in means entering legs separately rather than as a package.

Related Terms

Spread Multi Leg Order

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