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straddle (n.)a noncommittal or equivocal position;
straddle (n.)a gymnastic exercise performed with a leg on either side of the parallel bars;
straddle (n.)the act of sitting or standing astride;
straddle (n.)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;