option-n; 4 Senses

Sense Number 1: a financial derivative to buy or sell stock, or other things, at fixed price.

Commentary: OPTION[+instrument][+financial][+derivative][+buy/+sell]

The number of options traded on the Big Board has increased dramatically.
December options on that company are trading at 14 and a quarter.
I bought 100 put options over the Internet on a hot search company.
John must exercise his call option by the end of the day, or it will expire.

WordNet 3.0 Sense Numbers: 1

Sense Number 2: a set of choices or alternatives

Commentary: OPTION[+set][+member][+alternative]
NOTE: Can occur in the singular or plural

So what are our options?
You have five options in floor covering to choose from.
Management's options are to either settle with the union or lose revenue from a strike.

WordNet 3.0 Sense Numbers: 2

Sense Number 3: the act of choosing, picking one among many

Commentary: OPTION[+action][+decision]
NOTE: Occurs only in the singular, refers to an event, not an entity

This option for window treatment was Mary's.
John's option of early retirement has worked out well.

WordNet 3.0 Sense Numbers: 3

Sense Number 4: offensive football play

Commentary: OPTION[+action][+decision][+game_play]

The halfback dropped the ball before he could make his option play.

WordNet 0.0 Sense Numbers: 4