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taken an option on

idiom

: to obtain the right to buy (something) at a particular price
The company has taken an option on some land nearby.

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taken
taken an option on
take no chances
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“Taken an option on.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/taken%20an%20option%20on. Accessed 1 Dec. 2025.

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