1. [ noun ] (writing) 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
Related terms: derivative_instrument covered_option put_option straddle incentive_option call_option stock_option lock-up_option naked_option
2. [ noun ] the act of choosing or selecting
Synonyms: selection choice pick

"your choice of colors was unfortunate" "you can take your pick"

Related terms: action decision vote sampling volition election colouration casting pick
3. [ noun ] (psychology) one of a number of things from which only one can be chosen
Synonyms: alternative choice

"what option did I have?" "there no other alternative" "my only choice is to refuse"

Related terms: decision_making possibility obverse soft_option default_option Hobson's_choice impossibility preference
Similar spelling:   optional