to part the legs wide; to stand or to walk with the legs far apart.-to stand with the ends staggered; -- said of the spokes of a wagon wheel where they join the hub.-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.-the act of standing, sitting, or walking, with the feet far apart.-the position, or the distance between the feet, of one who straddles; as, a wide straddle.-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.