AskDefine | Define option

Dictionary Definition



1 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
2 one of a number of things from which only one can be chosen; "what option did I have?"; "there no other alternative"; "my only choice is to refuse" [syn: alternative, choice]
3 the act of choosing or selecting; "your choice of colors was unfortunate"; "you can take your pick" [syn: choice, selection, pick]

User Contributed Dictionary



  • (UK) /ˈɒpʃən/, /"QpS@n/
  • (US) /ˈɑpʃən/, /"ApS@n/


  1. One of the choices which can be made.
  2. The freedom or right to choose.
  3. A contract giving the holder the right, if they choose to exercise it, to buy or sell an asset at a set strike price.

Derived terms


one of the choices which can be made
financial product




Extensive Definition

An option is a right, but not necessarily an obligation, to do something. For options in specific contexts, see:
Option may also refer to:
option in German: Option
option in Korean: 옵션

Synonyms, Antonyms and Related Words

alternate choice, alternative, call, chance, choice, discretion, druthers, election, emption, first option, first refusal, free choice, free decision, free will, full consent, noncontingent free will, opportunity, optionality, pleasure, possible choice, preemption, preference, prerogative, privilege, put, put and call, recourse, refusal, right, right of emption, right of preemption, say, say-so, selection, spread, stock option, straddle, strap, strip, way out, will and pleasure
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