Option

n.	1.	The power of choosing; the right of choice or election; an alternative. There is an option left to the United States of America, whether they will be respectable and prosperous, or contemptible and miserable, as a nation. - Washington.
	2.	The exercise of the power of choice; choice. Transplantation must proceed from the option of the people, else it sounds like an exile. - Bacon.
	3.	A wishing; a wish.
	4.	(Ch. of Eng.) A right formerly belonging to an archbishop to select any one dignity or benefice in the gift of a suffragan bishop consecrated or confirmed by him, for bestowal by himself when next vacant; - annulled by Parliament in 1845.
	5.	(Stock Exchange) A stipulated privilege, given to a party in a time contract, of demanding its fulfillment on any day within a specified limit; also, the contract giving that privelege; as, an option to buy a stock at a given price; to exercise an option. Buyer's option an option allowed to one who contracts to buy stocks at a certain future date and at a certain price, to demand the delivery of the stock (giving one day's notice) at any previous time at the market price. Seller's option an option allowed to one who contracts to deliver stock art a certain price on a certain future date, to deliver it (giving one day's notice) at any previous time at the market price. Such options are privileges for which a consideration is paid. Local option See under Local.

Noun	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
	2.	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" Synonyms: alternative, choice
	3.	option - the act of choosing or selecting; "your choice of colors was unfortunate"; "you can take your pick" Synonyms: selection, choice, pick

OPTION. Choice; Election; (q.v.) where the subject is considered.

option - command line option

alternate choice, call, chance, discretion, druthers, emption, first option, first refusal, free choice, free decision, free will, full consent, noncontingent free will, opportunity, optionality, pleasure, possible choice, preemption, prerogative, privilege, put, put and call, recourse, refusal, right, right of emption, right of preemption, say, say-so, spread, stock option, straddle, strap, strip, way out, will and pleasure