Who Is Lewis Ranieri?

Lewis Ranieri is a powerful American financier who is best known for his pioneering work in the field of mortgage-backed securities. He is also a major philanthropist and political donor. Ranieri was born in New York City in 1947 and graduated from Harvard University in 1969. He began his career as a trainee at the … Read more

Short Leg Definition.

A short leg definition is a options trading strategy that involves the simultaneous purchase and sale of two options contracts with different strike prices, but with the same expiration date. The options purchased are typically out-of-the-money options, while the options sold are typically at-the-money or in-the-money options. The idea behind this strategy is to profit … Read more