In article ,
says...


CLEARED FOR THE OPTION- ATC authorization for an aircraft to make a
touch-and-go, low approach, missed approach, stop and go, or full stop
landing at the discretion of the pilot. It is normally used in training so
that an instructor can evaluate a student's performance under changing
situations.

And in conditions where the pilot is not certain that a landing can be
accomplished. (i.e. Strong crosswinds.)

As is "Touch and Go, Stop and Go, Full Stop or Crash and Burn?"
I don't think so.

GF