n. Slang. A term given when an investors owns both contacts to buy and sell the same security or commodity. The combination can be a put and a call. The option to buy or sell a given stock (or stock index or commodity future) at a given price before a given date; this investment consists of an equal number of put and call options. This strategy results in a profitable position if the stock price is far enough from the strike price.
- vb. To part the legs wide; to stand or to walk with the legs far apart. To stand with the ends staggered; - said of the spokes of a wagon wheel where they join the hub.
- vb. 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.
- n. The act of standing, sitting, or walking, with the feet far apart. The position, or the distance between the feet, of one who straddles; as, a wide straddle. A stock option giving the holder the double privilege ...