noun
option
OP-shuhn
noun
1
One of the choices available to someone in a given situation.
"We're still weighing our options before signing the lease."
"There's an option to upgrade to a larger room for a small fee."
2
A finance contract giving the buyer the right, but not the obligation, to buy or sell an asset at an agreed price by a certain date.
"He bought stock options, betting the share price would rise."
How to Use Option
Learner’s notesIn plain EnglishA choice available to you — or, in finance, a contract that lets you choose to buy/sell later at a set price.
Common pairings
weigh your options
stock options
the only option
Word Forms
optioned past tense, options plural, options singular
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We're still weighing our _____ before signing the lease.
Etymology
From French option, from Latin optio, "choice," from optare, "to choose."