Patent ID: 7962375

Claim:
A method for providing electronic options for goods or services using a priority ordering scheme, comprising: providing a plurality of electronic options to a plurality of client network devices each with one or more processors via a server network device with one or more processors via a computer network for a desired good or service provided by a supplier, wherein the electronic option terms are established by the supplier, wherein the plurality of electronic options are not supplied or governed via a central government agency and are not supplied or governed via security laws and wherein the plurality of electronic options are available for purchase via a plurality of pre-determined option fees, and wherein the plurality of electronic options are provided based on a priority ordering scheme, wherein the priority ordering scheme is based on one or more pre-determined time periods in which an electronic option is valid, an amount paid for a pre-determined option fee or an ordering in one or more different priority groups; receiving a pre-determined option fee to purchase an electronic option based on the priority ordering scheme on the server network device via the computer network, wherein a purchaser of the electronic option can pay an amount larger than the pre-determined option fee to obtain a more favorable position in the priority ordering scheme to allow exercise of the electronic option in a different priority order in the priority ordering scheme than those purchased for the pre-determined option fee; recording the purchase of the electronic option in a database associated with the server network device in a pre-determined priority order for a prioritized group in the priority ordering scheme, wherein a position in the pre-determined priority order in the priority ordering scheme is adjusted to a more favorable position based on receiving an amount larger than the pre-determined option fee for the electronic option; and receiving a request to exercise the purchased electronic option to purchase the desired good or service based on the pre-determined priority order established for the prioritized group in the priority ordering scheme and any adjustment thereof based on receiving an amount larger than the pre-determined option fee for the purchased electronic option.