Long leg

The part of an Option spread indicating a Commitment to Purchase the Underlying security.

Related Terms: 8 Commitment, ECU, Option, Option spread, Purchase, SEC, Spread, Underlying security

Other Related Pages: Category: Options Starting With: L

Additional Related Terms: Above par, Accrual of discount, Agency security, Amortization of premium, Asset-backed security, At par, All or any part, At best, At call, At risk