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.
â¢ FLACCID (adjective) The adjective FLACCID has 3 senses: 1. lacking in strength or firmness or resilience. 2. drooping without elasticity; wanting in stiffness. 3. out of condition; not strong or robust; incapable of exertion or endurance. Familiarity information: FLACCID used as an adjective is uncommon.