—v.i. 1. to walk, stand, or sit with the legs wide apart; stand or sit astride.
2. to stand wide apart, as the legs.
3. to favor or appear to favor both sides of an issue, political division, or the like, at once; maintain an equivocal position.
—v.t. 1. to walk, stand, or sit with one leg on each side of; stand or sit astride of: to straddle a horse. 2. to spread (the legs) wide apart.
3. to favor or appear to favor both sides of (an issue, political division, etc.).
—n. 1. an act or instance of straddling.
2. the distance straddled over.
3. the taking of a noncommittal position.
4. Finance. a. an option consisting of a put and a call combined, both at the same current market price and for the same specified period.
b. a similar transaction in securities or futures in which options to buy and sell the same security or commodity are purchased simultaneously in order to hedge one's risk.