Definitions for "long leg"
The part of an option spread indicating a commitment to purchase the underlying security.
The part of an option spread in which an agreement to buy the underlying security is made.
A type of shapewear with a brief top and half legs that give support and control down the thighs. Usually a "leg gripper" is sewn along the leg ends to keep the leg from curling up.
Keywords:  outfield, position
Outfield position.