Legging
/ˈlɛɡ.ɪŋ/
"Legging" in a Sentence (2 examples)
Take the legging and turn up the cuff.
As a practical matter, you cannot put on these positions simultaneously at reasonable prices. In order to achieve these positions at a reasonable risk/reward profile, you must put the positions in a series of separate trades. This process is called legging.