op
tion
Plural
options
1
something that can or may be chosen from a number of alternatives
- You have the option to choose between different colors for your new car.
- There are several payment options available, including credit card and PayPal.
- Taking a break is a good option if you feel overwhelmed at work.
- He considered all his options before making a decision about where to study.
- The restaurant offers a vegetarian option on their menu for those who prefer it.
Synonyms:
2
the action of choosing or making a selection
- After much thought, she finally exercised her option to stay.
- The decision was made by his own option, not by pressure.
- The option lay between honesty and convenience.
- By her own option, she chose the harder path.
- The manager's option determined which project moved forward.
3
a contract that gives the holder the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified time frame
- Traders may purchase options on commodities like gold or oil as a way to gain exposure to these markets without owning the physical assets.
- During market uncertainty, some investors use options strategies, such as straddles or collars, to protect their portfolios from significant losses.
- A stock option plan can be an attractive incentive for startup employees, aligning their interests with the company's success.
- The expiration date of an option represents the deadline for the holder to exercise their right to buy or sell the underlying asset.
- Investors often use call options to speculate on the potential price increase of a particular stock within a defined period.