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
option, alternative, choice(noun)
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"
choice, selection, option, pick(noun)
the act of choosing or selecting
"your choice of colors was unfortunate"; "you can take your pick"
(Stock Exchange) A stipulated privilege, given to a party in a time contract, of demanding its fulfillment on any day within a specified limit; also, the contract giving that privelege; as, an option to buy a stock at a given price; to exercise an option.
Origin: [L. optio; akin to optare to choose, wish, optimus best, and perh. to E. apt: cf. F. option.]
One of the choices which can be made.
The freedom or right to choose.
A contract giving the holder the right to buy or sell an asset at a set strike price; can apply to financial market transactions, or to ordinary transactions for tangible assets such as a residence or automobile.
A button on a screen used to select an action (often "menu option")
To purchase an option on something.
The new novel was optioned by the film studio, but they'll probably never decide to make a movie from it.
Origin: From option, from optio, from opto. Equivalent to .
In finance, an option is a contract which gives the owner the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price on or before a specified date. The seller incurs a corresponding obligation to fulfill the transaction, that is to sell or buy, if the long holder elects to "exercise" the option prior to expiration. The buyer pays a premium to the seller for this right. An option which conveys the right to buy something at a specific price is called a call; an option which conveys the right to sell something at a specific price is called a put. Both are commonly traded, though in basic finance for clarity the call option is more frequently discussed, as it moves in the same direction as the underlying asset, rather than opposite, as does the put. Options valuation is a topic of ongoing research in academic and practical finance. For simplicity of discussion, the value of an option is commonly decomposed into two parts: The first of these is the "intrinsic value," which is defined as the difference between the market value of the underlying and the strike price of the given option. The second part depends on a set of other factors which, through a multi-variable, non-linear interrelationship, reflect the discounted expected value of that difference at expiration. Although options valuation has been studied at least since the nineteenth century, the contemporary approach is based on the Black–Scholes model which was first published in 1973.
Chambers 20th Century Dictionary
op′shun, n. act of choosing: power of choosing or wishing: wish.—adj. Op′tional, left to one's option or choice.—adv. Op′tionally.—n. Op′tions, a mode of speculating, chiefly in stocks and shares, which is intended to limit the speculator's risk. It consists in paying a sum down for the right to put (make delivery) or call (call for delivery) a given amount of stock at a fixed future date, the price also being fixed at the time the contract is entered into.—Local option (see Local). [L. optio, optionis—optāre, to choose.]
British National Corpus
Spoken Corpus Frequency
Rank popularity for the word 'option' in Spoken Corpus Frequency: #1944
Written Corpus Frequency
Rank popularity for the word 'option' in Written Corpus Frequency: #2058
Rank popularity for the word 'option' in Nouns Frequency: #499
The numerical value of option in Chaldean Numerology is: 5
The numerical value of option in Pythagorean Numerology is: 8
Sample Sentences & Example Usage
The idea of the opposition has evaporated for Saudi Arabia, they know that the option is ISIS and Nusra or the regime. There's no third option.
To accept failure as an option is a clear evidence that your/one's will to succeed is not strong enough. So, refuse to accept failure as an option.
Flying with AirAsia has always been a cost issue; they've marketed themselves as the economic option, at the end of the day it boils down to the economic issue. It's the cheapest option and that will continue.
The flaw in the coalition strategy for the last year is weak ground forces. Given the constraints on the U.S. and its Arab allies, the only viable ground force option is Iranian-led Shi'ite Iraqis, of course this will alienate the Sunnis -- both in Iraq and in Saudi Arabia -- but Baghdad has no other serious option.
It was actually created by a retired sheriff officer. He did not like the fact that people were being shot when the officers do have time (to consider options) but they had no other option in lethal force, so this product gives the officer another option in that scenario when it's not reactive, and they do have the time to put it on.
Images & Illustrations of option
Translations for option
From our Multilingual Translation Dictionary
- opcióCatalan, Valencian
- opce, možnostCzech
- εκλογή, προαίρεση, επιλογήGreek
- opción financiera, opciones, opciónSpanish
- valikko, vaihtoehto, valinnanvapaus, optioFinnish
- choix, possibilité, optionFrench
- о́пция, опцио́нRussian
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