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.
Flitch definition, the side of a hog (or, formerly, some other animal) salted and cured: a flitch of bacon. See more.