straddle

noun

1.
a noncommittal or equivocal position
Derived from:
straddle
2.
a gymnastic exercise performed with a leg on either side of the parallel bars
Derived from:
straddle
3.
the act of sitting or standing astride
Derived from:
straddle
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