Synonyms/Hypernyms (Ordered by Estimated Frequency) of noun option

3 senses of option

Sense 1
option -- (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)
       => derivative instrument, derivative -- (a financial instrument whose value is based on another security)

Sense 2
option, alternative, choice -- (one of a number of things from which only one can be chosen; "what option did I have?"; "there no other alternative"; "my only choice is to refuse")
       => decision making, deciding -- (the cognitive process of reaching a decision; "a good executive must be good at decision making")

Sense 3
choice, selection, option, pick -- (the act of choosing or selecting; "your choice of colors was unfortunate"; "you can take your pick")
       => action -- (something done (usually as opposed to something said); "there were stories of murders and other unnatural actions")