verb (used without object), straddled, straddling.
to walk, stand, or sit with the legs wide apart; stand or sit astride.
to stand wide apart, as the legs.
to favor or appear to favor both sides of an issue, political division, or the like, at once; maintain an equivocal position.
verb (used with object), straddled, straddling.
to walk, stand, or sit with one leg on each side of; stand or sit astride of: to straddle a horse.
to spread (the legs) wide apart.
to favor or appear to favor both sides of (an issue, political division, etc.).
an act or instance of straddling.
the distance straddled over.
the taking of a noncommittal position.
an option consisting of a put and a call combined, both at the same current market price and for the same specified period.
a similar transaction in securities or futures in which options to buy and sell the same security or commodity are purchased simultaneously in order to hedge one's risk.

1555–65; apparently frequentative (with -le) of variant stem of stride

straddler, noun
straddlingly, adverb
unstraddled, adjective Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
straddle (ˈstrædəl)
1.  (tr) to have one leg, part, or support on each side of
2.  informal (US), (Canadian) (tr) to be in favour of both sides of (something)
3.  (intr) to stand, walk, or sit with the legs apart
4.  (tr) to spread (the legs) apart
5.  military to fire a number of shots slightly beyond and slightly short of (a target) to determine the correct range
6.  (intr) (in poker, of the second player after the dealer) to double the ante before looking at one's cards
7.  the act or position of straddling
8.  a noncommittal attitude or stand
9.  commerce Compare spread a contract or option permitting its purchaser to either sell or buy securities or commodities within a specified period of time at specified prices. It is a combination of a put and a call option
10.  athletics a high-jumping technique in which the body is parallel with the bar and the legs straddle it at the highest point of the jump
11.  (in poker) the stake put up after the ante in poker by the second player after the dealer
12.  (Irish) a wooden frame placed on a horse's back to which panniers are attached
[C16: frequentative formed from obsolete strad- (Old English strode), past stem of stride]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin & History

1565, probably an alteration of stridlen, frequentative of striden (see stride). U.S. colloquial sense of "take up an equivocal position, appear to favor both sides" is attested from 1838. The noun is first recorded 1611.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
They grew up as the leftovers of an unpopular war, straddling two worlds but
  belonging to neither.
She seems more nervous than usual, and is straddling something rather than
  sitting on it.
The structure will be rolled into place on concrete tracks, straddling part of
  the adjacent building and enclosing the reactor.
People are on the roof of the cab, and straddling the rail of the bed, and
  pressed into the bed itself.
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