straddle

American  

[strad-l] / ˈstræd l /

verb (used without object)

straddled, straddling

1. to walk, stand, or sit with the legs wide apart; stand or sit astride.

2. to stand wide apart, as the legs.

3. to favor or appear to favor both sides of an issue, political division, or the like, at once; maintain an equivocal position.

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verb (used with object)

straddled, straddling

1. to walk, stand, or sit with one leg on each side of; stand or sit astride of.

   to straddle a horse.

2. to spread (the legs) wide apart.

3. to favor or appear to favor both sides of (an issue, political division, etc.).

noun

1. an act or instance of straddling.

2. the distance straddled over.

3. the taking of a noncommittal position.

4. Finance.

   1. an option consisting of a put and a call combined, both at the same current market price and for the same specified period.

   2. a similar transaction in securities or futures in which options to buy and sell the same security or commodity are purchased simultaneously in order to hedge one's risk.

straddle British  

/ ˈstrædəl /

verb

1. (tr) to have one leg, part, or support on each side of

2. informal (tr) to be in favour of both sides of (something)

3. (intr) to stand, walk, or sit with the legs apart

4. (tr) to spread (the legs) apart

5. military to fire a number of shots slightly beyond and slightly short of (a target) to determine the correct range

6. (intr) (in poker, of the second player after the dealer) to double the ante before looking at one's cards

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noun

1. the act or position of straddling

2. a noncommittal attitude or stand

3. commerce a contract or option permitting its purchaser to either sell or buy securities or commodities within a specified period of time at specified prices. It is a combination of a put and a call option Compare spread

4. athletics a high-jumping technique in which the body is parallel with the bar and the legs straddle it at the highest point of the jump

5. (in poker) the stake put up after the ante in poker by the second player after the dealer

6. a wooden frame placed on a horse's back to which panniers are attached

Other Word Forms

• straddler noun
• straddlingly adverb
• unstraddled adjective

Etymology

Origin of straddle

1555–65; apparently frequentative (with -le ) of variant stem of stride

Example Sentences

When I pulled up the snow anchor, straddled the runners, and shouted "Hike!"

From Literature

So we’d like to be able to buy the straddle for that price just before earnings are announced — that is, buy late in the trading day on March 10.

From MarketWatch

The studios, which is owned by Netflix, straddles both Runnymede and Surrey Heath Borough Councils and has now secured approval from both authorities.

From BBC

The biggest worry was that Iran would close the critical Strait of Hormuz, a narrow body of water straddling the country’s southern coast.

From MarketWatch

Needed: The most that we would pay for the near-term straddle, with the price of the straddle expressed as a percentage of the underlying stock price.

From MarketWatch