1. A choice or alternative that follows established customs, conventions, or historical practices rather than modern or innovative approaches
Many families still prefer the traditional option of a church wedding ceremony.
Muitas famílias ainda preferem a opção tradicional de uma cerimônia de casamento na igreja.
2. In finance/derivatives, a standard call or put option contract following conventional terms and structures
The investor chose the traditional option rather than exotic derivatives.
O investidor escolheu a opção tradicional em vez de derivativos exóticos.