Definition of "strangle" [stran•gle]

• To kill by squeezing the throat so as to choke or suffocate; throttle. (verb-transitive)
• To cut off the oxygen supply of; smother. (verb-transitive)
• To suppress, repress, or stifle: strangle a scream. (verb-transitive)
• To inhibit the growth or action of; restrict: "That artist is strangled who is forced to deal with human beings solely in social terms” ( James Baldwin). (verb-transitive)
• To become strangled. (verb-intransitive)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "Midway through the session, one large trader pursued a "strangle" -- buying November $105 calls and November $60 puts."
• "Setting up a trade known as a "strangle," an investor purchased 2,500 puts that grant the right to sell shares for $49 by next month, as well as calls that grant the right to buy shares for $50 by the same expiry."
• "Employing a strategy known as a "strangle," traders bought both calls and puts expiring in August."