straddle

straddle (http://definr.com/straddle)

     n 1: the act of sitting or standing astride [syn: span]
     2: the option to buy or sell a given stock (or stock index or
        commodity future) at a given price before a given date;
        consists of an equal number of put and call options
     v 1: sit or stand astride of
     2: range or extend over; occupy a certain area; "The plants
        straddle the entire state" [syn: range]
     3: be noncommittal [ant: side]