straddle

the option to buy or sell a given stock (or stock index or commodity future) at a given price before a given date
consists of an equal number of put and call options
the act of sitting or standing astride
a gymnastic exercise performed with the legs straddling the parallel bars
a noncommittal or equivocal position
range or extend over
occupy a certain area

be noncommittal
sit or stand astride of