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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.
There are several payment options available, including credit card and PayPal.
02
the action of choosing or making a selection
Examples
After much thought, she finally exercised her option to stay.
The decision was made by his own option, not by pressure.
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.
During market uncertainty, some investors use options strategies, such as straddles or collars, to protect their portfolios from significant losses.
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option
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