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Noun option has 3 senses
  1. option - the right to buy or sell property at an agreed price; the right is purchased and if it is not exercised by a stated date the money is forfeited
    --1 is a kind of
    derivative instrument, derivative
    --1 has particulars:
     naked option; covered option; call option, call; put option, put; straddle; incentive option, incentive stock option; stock option; lock-up option
  2. option, alternative, choice - one of a number of things from which only one can be chosen; "what option did I have?"; "there no other alternative"; "my only choice is to refuse"
    --2 is a kind of decision making, deciding
    --2 has particulars:
     obverse; preference, druthers; default option, default; possibility, possible action, opening; impossibility, impossible action; Hobson's choice; soft option
  3. choice, selection, option, pick - the act of choosing or selecting; "your choice of colors was unfortunate"; "you can take your pick"
    --3 is a kind of action
    --3 has particulars:
     casting; coloration, colouration; sampling; decision, determination, conclusion; volition, willing; election; vote, ballot, voting, balloting
    Derived form: verb opt1
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