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.
flounder1. 1  to struggle with stumbling or plunging movements (usually followed by about, along, on, through, etc.): He saw the child floundering about in the water. 2  to struggle clumsily or helplessly: He floundered helplessly on the first day of his new job.