Option selects are extremely powerful! I recommend everyone learns their characters option selects. Not just the block/tech throw option select. Here is an example of an option select I do against Bison as Rose. On Bison's knockdown, Rose jumps in and option selects Soul Spiral and cr. mp. So if Bison teleports on wake up, he'll eat a Soul Spiral from Rose. If Bison is hit/block by the jumping HP, Rose will do cr. mp next instead of Soul Spiral. http://www.youtube.com/watch?v=6Yd8AgJjKU8#t=0m44s
Notice the first 2 teleports are punished by OS Soul Spiral? That is an option select. I made sure on Bison's knockdown, he could not teleport away. I continue to fight Bison with this mind set to this very day.