noun
- a choice or alternative that is available
- the right or power to choose
- a contract giving the holder the right to buy or sell a security at a specified price within a certain time period
Usage: finance
verb
- to buy or sell an option on something
Usage: finance
Examples
- You have the option to take the test again next week.
- We considered several options before making our decision.
- The restaurant offers vegetarian options on the menu.
- She kept her options open by not committing to either job offer.
- The car comes with leather seats as an optional feature.
- He decided to option the film rights to the novel.
- The stock option expires at the end of the month.