Pronunciation

/ˈɑːpʃən/

Definitions

• Noun (n): A choice or alternative that is available among several possibilities. It usually refers to one of multiple things from which one can choose. For example: “They presented us with several options for the new logo design.”
  • “She had the option to buy the house or rent it.”
• Verb (v): To have the power or right to choose something; to make a decision about whether to do something or not. For example: “The company decided to option the film rights to the book.”
  • “You can option for the extended warranty on your purchase.”

Phrases

• “Take an option” means to choose or decide on something.
• “Option out” refers to choosing not to participate in something.
• “Stock options” are contracts that give the holder the right, but not the obligation, to buy or sell a stock at a specific price within a certain time period.

Example Sentences

• Noun: “The job offer came with several attractive benefits and options for career advancement.”
• Verb: “The author chose to option his novel for a movie adaptation.”

Synonyms

• Choice
• Alternative
• Selection
• Possibility
• Pick
• Decision
• Choice-making