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option

choice / alternative
[C/U] Both
pl: options

This word carries a sense of freedom and agency, suggesting a menu of possibilities rather than a forced choice. It is frequently used in professional, technical, and consumer contexts to describe a feature that is available but not mandatory, such as optional extras on a new car.

In financial contexts, it shifts from a general choice to a legal contract. Here, it represents a strategic hedge or a speculative bet, where the value lies in the potential for future profit without the immediate obligation to act.

Countable when referring to specific choices on a list, such as three different dinner options. Uncountable when referring to the general state of having a choice, as in there is little option but to wait.

Meanings

Nounchoice

A thing that is or may be chosen

Nounalternative

The right to buy or sell something at a specified price

The investor purchased a call option on the stock.

Examples

I have one option.

Which option is best?

That is a good option.

We had no other option.

I am considering every option.

She chose the cheapest option.

We need a better option for the project.

Office

The traveler had few options for lodging.

Travel

Is there an option to skip this level?

Anime

The board is exploring every strategic option.

Business
Apology

The trader exercised his put option today.

Business

Related Words

Last Updated: May 2026Report an Error