What is the meaning of Long leg?

Long leg is the part of an option spread in which an agreement to buy the underlying security is made.

Barry Goldsmith
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APABarry Goldsmith. (2010). long leg. Retrieved September 22, 2026, from http://smartdefine.org/long_leg/definitions/1157526
ChicagoBarry Goldsmith. 2010. "long leg" http://smartdefine.org/long_leg/definitions/1157526 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, long leg, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/long_leg/definitions/1157526>.
MLABarry Goldsmith. "long leg" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/long_leg/definitions/1157526>