An option is a possibility or choice. In football, a quarterback with three wide receivers has (at least) three throwing options.

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. In sports, a free agent has the option of joining another team. No matter what you do, it's nice to have options. When we have no options, we feel trapped.

Definitions of option
  1. noun
    one of a number of things from which only one can be chosen
    “what option did I have?”
    synonyms: alternative, choice
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    the more conspicuous of two alternatives or cases or sides
    druthers, preference
    the right or chance to choose
    default, default option
    an option that is selected automatically unless an alternative is specified
    opening, possibility, possible action
    a possible alternative
    impossibility, impossible action
    an alternative that is not available
    Hobson's choice
    the choice of taking what is offered or nothing at all
    soft option
    an easier alternative
    the particular preference that you have
    something that can be done
    something that cannot be done
    type of:
    deciding, decision making
    the cognitive process of reaching a decision
  2. noun
    the act of choosing or selecting
    synonyms: choice, pick, selection
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    the choice of actors to play particular roles in a play or movie
    coloration, colouration
    choice and use of colors (as by an artist)
    (statistics) the selection of a suitable sample for study
    conclusion, decision, determination
    the act of making up your mind about something
    volition, willing
    the act of making a choice
    the act of selecting someone or something; the exercise of deliberate choice
    ballot, balloting, vote, voting
    a choice that is made by counting the number of people in favor of each alternative
    random sampling
    the selection of a random sample; each element of the population has an equal chance of been selected
    proportional sampling, representative sampling, stratified sampling
    the population is divided into subpopulations (strata) and random samples are taken of each stratum
    an act of intending; a volition that you intend to carry out
    appointment, assignment, designation, naming
    the act of putting a person into a non-elective position
    (sports) the decision made by an umpire or referee
    the act of deciding to do something
    casting lots, drawing lots, sortition
    making a chance decision by using lots (straws or pebbles etc.) that are thrown or drawn
    a decision to do something or to behave in a certain manner
    co-optation, co-option
    the selection of a new member (usually by a vote of the existing membership)
    block vote
    a vote proportional in magnitude to the number of people that a delegate represents
    cumulative vote
    an election in which each person has as many votes as there are positions to be filled and they can all be cast for one candidate or can be distributed in any manner
    secret ballot
    a vote in which each person's choice is secret but the totaled votes are public
    split ticket
    a ballot cast by a voter who votes for candidates from more than one party
    straight ticket
    a ballot cast by a voter who votes for all the candidates of one party
    multiple voting
    the act of voting in more than one place by the same person at the same election (illegal in U.S.)
    casting vote
    the deciding vote cast by the presiding officer to resolve a tie
    a vote that blocks a decision
    a vote cast by writing in the name of a candidate who is not listed on the ballot
    the act of declining to vote for or against something
    type of:
    something done (usually as opposed to something said)
  3. noun
    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
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    naked option
    a put or call option for which the seller or buyer has no underlying security position
    covered option
    a put or call option backed by the shares underlying the option
    call, call option
    the option to buy a given stock (or stock index or commodity future) at a given price before a given date
    put, put option
    the option to sell a given stock (or stock index or commodity future) at a given price before a given date
    the option to buy or sell a given stock (or stock index or commodity future) at a given price before a given date; consists of an equal number of put and call options
    incentive option, incentive stock option
    an option granted to corporate executives if the company achieves certain financial goals
    stock option
    the right to buy or sell a stock at a specified price within a stated period
    lock-up option
    an option to buy the crown jewels offered to a white knight in order to forestall a hostile takeover
    call option
    an option to buy
    put option
    an option to sell
    type of:
    derivative, derivative instrument
    a financial instrument whose value is based on another security
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