option

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 (synset 113262498)
   is a type of: derivative, derivative instrument - a financial instrument whose value is based on another security
   subtypes:

   • 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
   • straddle - 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
2. One of a number of things from which only one can be chosen (synset 105798949)
   "what option did I have?"; "there is no other alternative"; "my only choice is to refuse"
   is a type of: deciding, decision making - the cognitive process of reaching a decision
   subtypes:

   • obverse - 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
   same as: alternative, choice
3. The act of choosing or selecting (synset 100162063)
   "your choice of colors was unfortunate"; "you can take your pick"
   is a type of: action - something done (usually as opposed to something said)
   subtypes:

   • casting - the choice of actors to play particular roles in a play or movie
   • coloration, colouration - choice and use of colors (as by an artist)
   • sampling - (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
   • election - 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
   same as: choice, pick, selection

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