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OPTION
Option (noun) — 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. (noun) one of a number of things from which only one can be chosen.
Option is a valid 6-letter word worth 8 points in Scrabble (and Words With Friends letter values vary). Below are its anagrams and the shorter words hidden inside it.