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Option
01
something that can or may be chosen from a number of alternatives
Examples
You have the option to choose between different colors for your new car.
02
the action of choosing or making a selection
Examples
After much thought, she finally exercised her option to stay.
03
a contract that gives the holder the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified time frame
Examples
Traders may purchase options on commodities like gold or oil as a way to gain exposure to these markets without owning the physical assets.
Lexical Tree
optional
option
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