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.
(floÍot) n. 1. Music. a. A high-pitched woodwind instrument consisting of a slender tube closed at one end with keys and finger holes on the side and an opening near the closed end across which the breath is blown. Also called transverse flute.