1. choices or alternatives available in a particular situation
Usage: plural form of option
2. additional features or equipment that can be chosen for a product
Usage: commonly used with vehicles or technology
3. financial contracts giving the right to buy or sell assets at specified prices
Usage: finance; stock market terminology

Examples

• We have several options for dinner tonight.
• The car comes with many luxury options.
• She weighed her options before making a decision.
• The software package includes additional options for advanced users.
• He traded stock options for a living.
• What are my options if the flight is cancelled?
• The phone has options for customizing the display.