What is STRADDLE?

In stock-brokers’ parlance the term means the double privilege of a “put” and a “call,” and secures to the holder the right to demand of the seller at a certain price withiu a certain time a certain number of shares of specified stock, or to require him to take, at the same price within the same time, the same shares of stock. Harris v. Tumbridge, S3 N. Y. 95, 38 Am. Rep. 398.

More On This Topic



Link to This Definition
Did you find this definition of STRADDLE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary