What does straddle mean?

So today investopedia's word of the day is straddle. After reading about it made absolutely no sense. Can someone explain it in a beginner level way?

Here's a link to the page:

http://ift.tt/1GO0xXS

Submitted April 29, 2017 at 11:39AM by mchen25 http://ift.tt/2oSQDCQ