Webster’s Revised Unabridged Dictionary · 1913
Straddle
Strad′dle (străd′d'l), v. i. [imp. & p. p. Straddled; p. pr. & vb. n. Straddling.] [Freq. from the root of stride.] 1. To part the legs wide; to stand or to walk with the legs far apart.
2. To stand with the ends staggered; — said of the spokes of a wagon wheel where they join the hub.
Strad′dle, 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.
Strad′dle, n. 1. The act of standing, sitting, or walking, with the feet far apart.
2. The position, or the distance between the feet, of one who straddles; as, a wide straddle.
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]