<p><strong>Verb</strong></p><ul><li>to get or be astride of; have or place the legs on both sides of.</li><li>to step over or across with long strides.</li><li>to stand or tower over; dominate.</li></ul><p><strong>Noun</strong></p><ul><li>an act or instance of straddling.</li><li>the distance straddled over.</li><li>the taking of a noncommittal position.</li><li>Finance: an option consisting of a put and a call combined, both at the same current market price and for the same specified period.</li><li>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.</li></ul>