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| 1. |
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" |
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alternative,
choice |
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deciding,
decision making the cognitive process of reaching a decision; "a good executive must be good at decision making"
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obverse the side of a coin or medal bearing the principal stamp or design
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druthers,
preference grant of favor or advantage to one over another (especially to a country or countries in matters of international trade, such as levying duties)
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default option,
default an option that is selected automatically unless an alternative is specified
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possible action,
possibility,
opening a possible alternative; "bankruptcy is always a possibility"
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impossible action,
impossibility an alternative that is not available
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hobson's choice the choice of taking what is offered or nothing at all
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soft option an easier alternative; "the instructor took the soft option and gave the boy a passing grade"
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| 2. |
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 |
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derivative instrument,
derivative a financial instrument whose value is based on another security
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naked option a put or call option for which the seller or buyer has no underlying security position
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covered option a put or call option backed by the shares underlying the option
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call option,
call the option to buy a given stock (or stock index or commodity future) at a given price before a given date
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put,
put option the option to sell a given stock (or stock index or commodity future) at a given price before a given date
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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
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incentive option,
incentive stock option an option granted to corporate executives if the company achieves certain financial goals
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stock option a benefit given by a company to an employee in the form of an option to buy stock in the company at a discount or at a fixed price; "stock options are not much use as an incentive if the price at which they can be exercised is out of reach"
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lock-up option an option to buy the crown jewels offered to a white knight in order to forestall a hostile takeover
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