# Chooser Option

*Derivatives & Options — Finicade finance glossary*

An option that lets you decide later whether it's a call or a put. You pay extra for the deferral, but by the choice date the market has usually shown its hand — a bet on a big move without picking the direction upfront.

**Related terms:** [Straddle](https://finicade.com/glossary/straddle), [Exotic Option](https://finicade.com/glossary/exotic-options), [Option](https://finicade.com/glossary/option)

Source: https://finicade.com/glossary/chooser-option