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.
Definition of CRACKER. 1. chiefly dialect: a bragging liar: boaster. 2.: something that makes a cracking or snapping noise: as a: firecracker b: the snapping end of a whiplash: snapper c: a paper holder for a party favor that pops when the ends are pulled sharply.3. plural: nutcracker.4. something that makes a cracking or snapping noise: as a: firecracker b: the snapping end of a whiplash: snapper c: a paper holder for a party favor that pops when the ends are pulled sharply. 3.