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Options Jive

Monday – Friday | 8:40 – 9:00a CT

Legging Out

Options Jive

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

This segment of Options Jive discusses the risks and rewards of legging-out.

When traders "leg-out" of a position, they are not managing their trade as a whole. Instead, they manage multi-leg positions independently. For example, instead of closing both legs of a strangle at the same time, a trader may only close one leg depending on the circumstances of the market.

Based on the study, managing our positions as a whole trade slightly performed better than legging-out. Plus, there were more opportunities to manage our positions as a whole compared to legging-out.

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