A fork of Rural Dictionary
In finance, a Polish Straddle is an investment strategy involving the purchase/sale of particular option derivatives and/or shares that completely cancel each other out.
W: I'm long 500 shares of BAC at $7 and short 5 call options with a strike price of $7. A: So you're net long 0 shares. W: ... ... ... Doh! A: Ahh the Polish Straddle strikes again!