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.
Wiktionary (0.00 / 0 votes) Rate this definition: flax (Noun). A plant of the genus Linum, especially L. usitatissimum, which has a single, slender stalk, about a foot and a half high, with blue flowers. Also known as linseed, especially when referring to the seeds.