straddle
//ˈstræd.əl//
Verb
To sit or stand with one leg on each side of something.
She straddled the horse and rode off into the sunset.
To extend across or be situated on both sides of something, such as a border or boundary.
The city straddles the border between two countries.
To take an ambiguous or noncommittal position on an issue; to avoid choosing between two alternatives.
The politician straddled the issue, refusing to give a clear answer.
Synonym
Noun
The act or position of straddling something.
He adjusted his straddle on the horse before the ride began.
In finance, an options strategy involving the simultaneous purchase of both a put and a call option on the same asset with the same strike price and expiration date.
The trader bought a straddle on the stock to profit from expected volatility.