straddle
verb
[ ˈstrad(ə)l ]
• sit or stand with one leg on either side of.
• "he turned the chair round and straddled it"
straddle
noun
• an act of sitting or standing with one's legs wide apart.
• "a sideways-on stance such as a straddle"
• a simultaneous purchase of options to buy and to sell a security or commodity at a fixed price, allowing the purchaser to make a profit whether the price of the security or commodity goes up or down.
Origin:
mid 16th century: alteration of dialect striddle, back-formation from dialect striddling ‘astride’, from stride + the adverbial suffix -ling .
