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.
Flannel-A medium-weight, plain or twill weave fabric that is typically made from cotton, a cotton blend, or wool. The fabric has a very soft hand, brushed on both sides to lift the fiber ends out of the base fabric and create a soft, fuzzy surface. End-uses include shirts and pajamas.