Definitions from Wiktionary (option)

▸ noun:  One of a set of choices that can be made.
▸ noun:  The freedom or right to choose.
▸ noun:  (finance, law) 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.
▸ noun:  (law, uncountable) The acquiring or retention of a nationality through personal choice as a right, bypassing selective legal mechanisms for naturalization, especially in cases where a territory is transferred or passed on from one state to another.
▸ verb:  To purchase an option on something.
▸ verb:  (computing, dated) To configure, by setting an option.
▸ Also see option


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