Straddle

Strad"dle

, n. 1. The act of standing, sitting, or walking, with the feet far apart.
[1913 Webster]

2. The position, or the distance between the feet, of one who straddles; as, a wide straddle.
[1913 Webster]

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]
[1913 Webster]

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Tue 11th December 2018