straddle

The definition :

Definitions 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 the legs straddling the parallel bars
noun: a noncommittal or equivocal position
verb: be noncommittal
verb: sit or stand astride of
verb: range or extend over; occupy a certain area
Example: "The plants straddle the entire state"

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