Definition of "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
noun: the act of sitting or standing astride
noun: a gymnastic exercise performed with a leg on either side of the parallel bars
noun: a noncommittal or equivocal position
verb: range or extend over; occupy a certain area
"The plants straddle the entire state."
verb: be noncommittal
verb: sit or stand astride of