Method and system for reserving future purchases of goods and services

A non-transitory computer readable medium having stored therein a plurality of instructions for causing one or more processors on a network device to execute the steps of:

• providing a plurality of electronic options to a plurality of client network devices each with one or more processors from a first 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;
• receiving on the first server network device a pre-determined option fee from a client network device to purchase an electronic option for a desired good or service via the computer network;
• recording on the first server network device the purchase of the electronic option for the desired good or service in a database associated with the server network device;
• receiving a request message on the first server network device via the computer network from a second server network device with one or more processors to exercise the purchased electronic option recorded in the database during a selection of a good or service associated with the purchased electronic option;
• sending one or more query messages from the first server network device to one or more other servers via the computer network using information from the request message to retrieve additional electronic information associated with the purchased electronic option;
• receiving one or more query response messages on the first server network device from the one or more other server network devices via the computer network including additional electronic information associated with the purchased electronic option;
• determining a final purchase price for the desired good or service based on the electronic option terms for the purchase electronic option, the pre-determined option fee for the purchased electronic option, a final option exercise price determined for the purchased electronic option and the additional electronic information associated with the purchased electronic option obtained from the one or more query response message;
• and
• sending securely in real-time a response message from the first server network device to the second server network device via the computer network including a final purchase price for the good or service based on exercising the purchased electronic option.

A system for providing automatic execution of electronic options during a purchase transaction, comprising in combination:

• means for providing a plurality of electronic options to a plurality of client network devices each with one or more processors from a first 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;
• means for receiving securely on the first server network device a pre-determined option fee from a client network device to purchase an electronic option for a desired good or service via the computer network;
• means for receiving securely on the first server network device a pre-determined option fee from a client network device to purchase an electronic option for a desired good or service for a third-party recipient via the computer network;
• and
• means for recording on the first server network device the purchase of the electronic option for the desired good or service in a database associated with the server network device;
• means for recording on the first server network device the purchase of the electronic option for the desired good or service for third-party recipient in a database associated with the server network device;
• means for receiving a request message on the first server network device via the computer network from a second server network device with one or more processors to exercise the purchased electronic option recorded in the database during a selection of a good or service associated with the purchased electronic option;
• means for sending one or more query messages from the first server network device to one or more other servers via the computer network using information from the request message to retrieve additional electronic information associated with the purchased electronic option;
• means for receiving one or more query response messages on the first server network device from the one or more other server network devices via the computer network including additional electronic information associated with the purchased electronic option;
• means for determining a final purchase price for the desired good or service based on the electronic option terms for the purchase electronic option, the pre-determined option fee for the purchased electronic option, a final option exercise price determined for the purchased electronic option and the additional electronic information associated with the purchased electronic option obtained from the one or more query response message;
• and
• means for sending securely in real-time a response message from the first server network device to the second server network device via the computer network including a final purchase price for the good or service based on exercising the purchased electronic option.