Straddle word meaning and definition

[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
[noun] the act of sitting or standing astride
[verb] range or extend over; occupy a certain area; "The plants straddle the entire state"
[verb] be noncommittal
[verb] sit or stand astride of

\Strad"dle\, v. i. [imp. & p. p. {Straddled}; p. pr. & vb. n. {Straddling}.] [Freq. from the root of stride.] 1. To part the legs wide; to stand or to walk with the legs far apart. 2. To stand with the ends staggered; -- said of the spokes of a wagon wheel where they join the hub.
\Strad"dle\, v. t. To place one leg on one side and the other on the other side of; to stand or sit astride of; as, to straddle a fence or a horse.
\Strad"dle\, n. 1. The act of standing, sitting, or walking, with the feet far apart. 2. The position, or the distance between the feet, of one who straddles; as, a wide straddle. 3. A stock option giving the holder the double privilege of a ``put'' and a ``call,'' i. e., securing to the buyer of the option the right either to demand of the seller at a certain price, within a certain time, certain securities, or to require him to take at the same price, and within the same time, the same securities. [Broker's Cant]

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