Straddle
A Law Dictionary and Glossary · George C. Kinney · 1893
A Law Dictionary and Glossary
The double privilege of a "put" and a "call," giving the holder a right either to demand or to deliver a certain amount of a commodity, or a certain number of shares of stock, within a certain time, at a certain price.
Stranding^.
An accidental striking and remaining of a vessel on a bank, rock or reef; a grounding and filling with water.