[bell-cot]

In casual conversation, or in a specific legal/regulatory context, or what?

Are the "stock options" something that one of the founders said over beers that they'd give to everyone next year, or signed-and-notarized-and-your-lawyer-says-it's-ironclad paperwork in your hands, or somewhere in between?

(What? No, I've never been burned on this. /s)

[thrt23049away]

Example context: a company saying they offer "equity" in a job description, and then later specifying they mean stock options, not stock.

[bell-cot]

Literally - in that case the answer to your "Is it correct..." is "ask a lawyer in the relevant sub-specialty and jurisdiction".

Practically - unless you're a real C-suite insider, "options" have a lot more ways to be worthless than actual stock shares. I'd innocently ask for details - then either run those past a lawyer before agreeing to anything, or just assume that the options were worthless.