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.
Learner's definition of THROWBACK [count] : a person or thing that is similar to someone or something from the past or that is suited to an earlier time â usually singular â usually + to