Straddle

v. sit or stand with the legs spread wide; sit or stand with one leg on either side of; support or appear to support both sides of an issue; ascertain the range by firing behind and in front of a target

This article is about the financial investment strategy. For other meanings, see Straddle (disambiguation). In finance, a straddle is an investment strategy involving the purchase or sale of particular option derivatives that allows the holder to profit based on how much the price of the underlying security moves, regardless of the direction of price movement.
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Noun
1. a noncommittal or equivocal position
(hypernym) position, view, perspective
2. a gymnastic exercise performed with the legs straddling the parallel bars
(hypernym) gymnastic exercise
3. the act of sitting or standing astride
(synonym) span
(hypernym) motion, movement, move, motility
(part-meronym) call option, call
4. 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
(hypernym) option
Verb
1. sit or stand astride of
(hypernym) be
(derivation) span
2. range or extend over; occupy a certain area; "The plants straddle the entire state"
(synonym) range
(hypernym) constitute, represent, make up, comprise, be
(hyponym) spread-eagle
3. be noncommittal
(antonym) side, go with

(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.
  

(v. i.)
To stand with the ends staggered; -- said of the spokes of a wagon wheel where they join the hub.
  

(v. i.)
To part the legs wide; to stand or to walk with the legs far apart.
  

(n.)
The position, or the distance between the feet, of one who straddles; as, a wide straddle.
  

(n.)
The act of standing, sitting, or walking, with the feet far apart.
  

(n.)
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.
  

Purchase or sale of an equal number of puts and calls with the same terms at the same time. Related: spread