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.
1 a brandname name incorporating what GRAnular, cRACK and spACKLE; a spackle-like buttplug to guard one's plum during brief times of incarceration. by Damien Report definition. 2  for everyone located in the Brit Isles, grackles are categories of tourists.