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The Collaborative International Dictionary of English v.0.48 (gcide)

Straddle \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.
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2. To stand with the ends staggered; -- said of the spokes of
a wagon wheel where they join the hub.
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Straddle \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.
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Straddle \Strad"dle\, n.
1. The act of standing, sitting, or walking, with the feet
far apart.
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2. The position, or the distance between the feet, of one who
straddles; as, a wide straddle.
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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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