option
One possible path
An option is a choice among alternatives: You have three options.
It also means the right but not obligation to do something—in finance, an option is a contract giving the holder the right to buy or sell at a set price within a specified period.
As an adjective, optional means not required: Attendance is optional.
To opt is to choose: She opted for the cheaper plan.
Mixed collection of things
- diversityState of varied elements
- rangeExtent of variation
- selectionChosen item or items
- arrayOrdered collection or display
spectrum · multiplicity · plurality · collection · mix · medley · alternatives · possibilities
Chosen item or items
- pickPointed breaking tool
- alternativeAnother available choice
- decisionSettled course of action
- preferenceFavored choice among alternatives
elect · choose · select · decide · determination · deliberation · judgment · verdict
Absence of constraint
- latitudeGeographic or personal freedom
- leewayPermissible margin of freedom
- discretionCareful judgment in speech
- autonomyIndependent decision-making capacity
room · openness · maneuverability · wiggle room · adaptability · versatility · choice · agency
Stored duplicate for recovery
- contingencyUncertain possible event
- plan BAlternative when primary fails
- reserveSupply kept back
- alternativeAnother available choice
substitute · replacement · secondary · safety net · insurance · hedge · stopgap · failsafe
Contact by phone
- putPlace in position
- strike pricePredetermined option execution level
- expirationEnd of validity
- derivativeFunction's rate of change
contract · premium · exercise · underlying · leverage · hedge · volatility · straddle
Optional supplementary component
- upgradeRaise to higher standard
- accessorySupplementary addition
- extraAdditional, beyond necessary
- enhancementIncrease in quality
customization · specification · package · trim level · configuration · module · premium · deluxe
assortment
Mixed collection of things
array · spectrum · multiplicity · plurality · collection · mix · medley · alternatives · possibilities · configurations
selection
Chosen item or items
- pickPointed breaking tool
- alternativeAnother available choice
- decisionSettled course of action
preference · elect · choose · select · decide · determination · deliberation · judgment · verdict · volition
freedom
Absence of constraint
- latitudeGeographic or personal freedom
- leewayPermissible margin of freedom
- discretionCareful judgment in speech
autonomy · room · openness · maneuverability · wiggle room · adaptability · versatility · choice · agency · self-determination
backup
Stored duplicate for recovery
- contingencyUncertain possible event
- plan BAlternative when primary fails
- reserveSupply kept back
alternative · substitute · replacement · secondary · safety net · insurance · hedge · stopgap · failsafe · recourse
call
Contact by phone
- putPlace in position
- strike pricePredetermined option execution level
- expirationEnd of validity
derivative · contract · premium · exercise · underlying · leverage · hedge · volatility · straddle · spread
add-on
Optional supplementary component
enhancement · customization · specification · package · trim level · configuration · module · premium · deluxe · functionality
- strategystrategy, grand strategy, tactics, tactic, tactical
- choiceschoice, choose, decide, decision, select
- crossroadscrossroads, fork in the road, fork in road, junction, juncture
- menumenu, submenu, dropdown, appetizer, entree
- tradeoffstradeoff, compromise, cost-benefit, risk-reward, give-and-take
- financial instrumentspromissory notes, check, bond fund, cheque, checks
optionobligation
Required task or commitment
requirement · compulsion · duty · necessity · mandate
optionnecessity
Indispensable requirement
essential · requirement · requisite · must-have · need
optionimpossibility
State of being unachievable
dead end · non-starter · no-go · closed door · impasse
- left one's options openMaintained multiple possibilities
- weighing optionsConsidering alternatives carefully
- stock optionsContracts to purchase shares
- nuclear optionMost drastic available action
- support optionsAvailable help methods
- weigh optionsConsider alternatives carefully
options, optional, adoptive, optionally, optioned, optioning