option | | |
n. (possession) | 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. |
| ~ naked option | a put or call option for which the seller or buyer has no underlying security position. |
| ~ covered option | a put or call option backed by the shares underlying the option. |
| ~ call option, call | the option to buy a given stock (or stock index or commodity future) at a given price before a given date. |
| ~ put, put option | the option to sell a given stock (or stock index or commodity future) at a given price before a given date. |
| ~ straddle | the option to buy or sell a given stock (or stock index or commodity future) at a given price before a given date; consists of an equal number of put and call options. |
| ~ incentive option, incentive stock option | an option granted to corporate executives if the company achieves certain financial goals. |
| ~ derivative instrument, derivative | a financial instrument whose value is based on another security. |
| ~ stock option | the right to buy or sell a stock at a specified price within a stated period. |
| ~ lock-up option | an option to buy the crown jewels offered to a white knight in order to forestall a hostile takeover. |
n. (cognition) | 2. alternative, choice, option | 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" |
| ~ deciding, decision making | the cognitive process of reaching a decision.; "a good executive must be good at decision making" |
| ~ obverse | the more conspicuous of two alternatives or cases or sides.; "the obverse of this issue" |
| ~ druthers, preference | the right or chance to choose.; "given my druthers, I'd eat cake" |
| ~ default option, default | an option that is selected automatically unless an alternative is specified. |
| ~ possible action, possibility, opening | a possible alternative.; "bankruptcy is always a possibility" |
| ~ impossible action, impossibility | an alternative that is not available. |
| ~ hobson's choice | the choice of taking what is offered or nothing at all. |
| ~ soft option | an easier alternative.; "the instructor took the soft option and gave the boy a passing grade" |
n. (act) | 3. choice, option, pick, selection | 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" |
| ~ casting | the choice of actors to play particular roles in a play or movie. |
| ~ coloration, colouration | choice and use of colors (as by an artist). |
| ~ sampling | (statistics) the selection of a suitable sample for study. |
| ~ decision, determination, conclusion | the act of making up your mind about something.; "the burden of decision was his"; "he drew his conclusions quickly" |
| ~ willing, volition | the act of making a choice.; "followed my father of my own volition" |
| ~ election | the act of selecting someone or something; the exercise of deliberate choice.; "her election of medicine as a profession" |
| ~ balloting, vote, voting, ballot | a choice that is made by counting the number of people in favor of each alternative.; "there were only 17 votes in favor of the motion"; "they allowed just one vote per person" |
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