option vs excerption

option and excerption both are nouns.

Word	Noun	Adjective	Verb	Adverb
option	Yes	No	No	No
excerption	Yes	No	No	No

As nouns, excerption is a hyponym of option; that is, excerption is a word with a more specific, narrower meaning than option:

option (noun)	excerption (noun)
the act of choosing or selecting	The act of excerpting or selecting from a larger work.
one of a number of things from which only one can be chosen	a passage selected from a larger work
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