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.
Flunky \Flunky\ (fl[u^][ng]k[y^]), n.; pl. Flunkies (fl[u^][ng]k[i^]z). [Prob. fr. or akin to flank.] [Written also flunkey.] 1. A contemptuous name for a liveried servant or a footman. [1913 Webster] 2. One who is obsequious or cringing; a snob. [1913 Webster] 3.