Top Definition
Whilst trading futures contract spreads, the act of buying or selling one side of the spread and then holding the other as an outright future in order to shore up what was a staggering loss. Named in honor of the trader Chris Chacon.
The only chance you've got it put up a chacon leg to get out of it.
ayon kay pnoy008 ika-18 ng Pebrero, 2005

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