(finance) A trading strategy using options, constructed through taking equal positions in a put and a call with different strike prices, such that there is a payoff if the underlying asset's value moves beyond the range of the two strike prices.

(transitive) To kill someone by squeezing the throat so as to cut off the oxygen supply; to choke, suffocate or throttle.

(transitive) To stifle or suppress.

(intransitive) To be killed by strangulation, or become strangled.

(intransitive) To be stifled, choked, or suffocated in any manner.