What is the meaning of Lifting a leg?

Closing out one side of a long-short arbitrage before the other is closed.

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APABarry Goldsmith. (2010). lifting a leg. Retrieved September 21, 2026, from http://smartdefine.org/lifting_a_leg/definitions/1157218
ChicagoBarry Goldsmith. 2010. "lifting a leg" http://smartdefine.org/lifting_a_leg/definitions/1157218 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, lifting a leg, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/lifting_a_leg/definitions/1157218>.
MLABarry Goldsmith. "lifting a leg" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/lifting_a_leg/definitions/1157218>