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Let Out

Let Out		Legging out of a spread entails the opposite whereby you exit your spread one component part at a time with the intention of completing the other component parts at more favorable prices as the underlying security moves in the anticipated direction.

Related Terms
		Leg In When a trader enters each part of a spread separately instead of entering the trade as one order with his or ... Leg One side or component of a spread. ... Backspread A spread where more options (calls or puts) are bought than sold (the opposite of a Ratio Spread). ...

 

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