Definitions For Straddle

noun

• The option to buy or sell a given stock (or stock index or commodity future) at a given price before a given date; consists of an equal number of put and call options
• The act of sitting or standing astride
• A gymnastic exercise performed with a leg on either side of the parallel bars
• A noncommittal or equivocal position

verb

• Range or extend over; occupy a certain area
• Be noncommittal
• Sit or stand astride of
• To sit or ride with a leg on either side of (something)
• To be on both sides of (something)
• To have parts that are in (different places, regions, etc.)