A straddle is any set of offsetting positions on personal property. One example, is a put and call option on the same number of shares of a particular security, with the same exercise price and expiration date.
Definition of flack for English Language Learners. : a person whose job is to make people like or be interested in someone or something.
quack 1. (kwÄk) n. The characteristic sound uttered by a duck. intr.v. quacked, quackÂ·ing, quacks. To utter the characteristic sound of a duck.