Definition of "strangles" []

• An infectious disease of horses and related animals, caused by the bacterium Streptococcus equi and characterized by inflammation of the nasal mucous membrane and abscesses under the jaw and around the throat that cause a strangling or choking sensation. (noun-plural)

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.

• "This market just set a new potential range between 144 and 126 and the outrageous volatility premium in options offer good leg-in short strangles and naked premium collection as long as you can handle the risk (which is about as high as they get in this market)."
• "In NetApp, a California company that creates storage and data-management products, traders appeared to be pursuing "strangles" -- positions that works best if the stock experiences volatility."
• "They were susceptible to coughs and allergies and heaves and a highly contagious condition called strangles, in which pus discharges from the nostrils, and abscesses form in the lymph nodes under the jaw and sometimes burst."