choice, option, alternative, preference, selection, election mean the act or opportunity of choosing or the thing chosen. choice suggests the opportunity or privilege of choosing freely. option implies a power to choose that is specifically granted or guaranteed. alternative implies a need to choose one and reject another possibility.
An option is something that can be chosen — it's a possibility. Even something crazy — like jumping off a cliff — is always an option, just not a good one. There are lots of technical uses of option in business and legal writing. If you have the option on a house, you have the right to buy it.
Options are financial instruments that provide the right, but not the obligation, to buy or sell an underlying asset at a set strike price, offering investors a way to leverage their positions or...
OPTION definition: 1. one thing that can be chosen from a set of possibilities, or the freedom to make a choice: 2…. Learn more.
An option is something that you can choose to do in preference to one or more alternatives. He's argued from the start that America and its allies are putting too much emphasis on the military option. What other options do you have?
(Commerce) an exclusive opportunity, usually for a limited period, to buy something at a future date: he has a six-month option on the Canadian rights to this book.
In finance, an option is a contract which conveys to its owner, the holder, the right, but not the obligation, to buy or sell a specific quantity of an underlying asset or instrument at a specified strike price on or before a specified date, depending on the style of the option.