• Is a part or piece of a transaction or position. For example, in futures trading there is a long leg and a short leg to a spread position. See To Leg.
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| ||Unwind: Is the activity which reverses a position. If an investor was long an option spread then he would sell the position to close it. If the investor had a butterfly position in bonds, then she would have to offset each Leg or wing to remove the trade. Unwind can refer to Long Liquidation or Shortcovering activities.|
| ||Weighted spread: Is a strategy placed with more or multiple options bought or sold relative to the other Leg. See Ratio Spread and Back Spread.|
| ||Related Terms|
| ||Lifting a leg|
Managing Your Expenses on a Fixed or Reduced Income: Once you've retired, you finally have the opportunity to work at your dream job - keeping yourself happy. It's your chance to visit places you've always wanted to see, take up a new hobby and spend more time with your family and friends. But to be successful at this new position, you've got to make the most of your income and investments. Here are suggestions. More...
Keep away from people who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great. - Mark Twain (1835-1910)