What is the meaning of Straddle?

To sit or stand with a leg on each side of something; to sit astride.

To be on both sides of something; to have parts that are in different places, regions, etc.

To consider or favor two apparently opposite sides; to be noncommittal.

To form a disorderly sprawl; to spread out irregularly.

To fire successive artillery shots in front of and behind of a target, especially in order to determine its range (the term "bracket" is often used instead).

To place a voluntary raise prior to receiving cards (only by the first player after the blinds).

To stand with the ends staggered; said of the spokes of a wagon wheel where they join the hub.

To execute a commodities market spread.

A posture in which one straddles something.

A pair or salvo of successive artillery shots falling both in front of and behind a target.

An investment strategy involving simultaneous trade with put and call options on the same security at the same strike price, giving a non-directional position sensitive to volatility.

A voluntary raise made prior to receiving cards by the first player after the blinds.

A vertical mine-timber supporting a set.

A part of a harness placed on the back of a beast of burden (such as a horse or donkey) to carry the weight of a load.

Astride.

Source: wiktionary.org