straddle

1. A posture in which one straddles something.
2. A pair or salvo of successive artillery shots falling both in front of and behind a target. · The first salvo fell short; the next was long; the third was a straddle.
3. An investment strategy involving simultaneous trade with put and call options on the same security at the same strike price, giving a non-directional position sensitive to volatility.
4. A voluntary raise made prior to receiving cards by the first player after the blinds.
5. A vertical mine-timber supporting a set.
6. A part of a harness placed on the back of a beast of burden (such as a horse or donkey) to carry the weight of a load.

Plural straddles