straddle
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Definitions
(noun) a gymnastic exercise performed with a leg on either side of the parallel bars.
Noun Definition 2
(noun) 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.
Noun Definition 4
(verb) range or extend over; occupy a certain area. Synonyms: range. Examples: "The plants straddle the entire state."
Verb Definition 2