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The best way to understand what a hook does is to look at where it occurs in the source code.
do_action( "hook_name" )apply_filters( "hook_name", "what_to_filter" ).Remember, this hook may occur in more than one file. Moreover, the hook's context may change from version to version.
| Line | Code | 
|---|---|
| 351 |       * The dynamic portion of the hook name, `$option`, refers to the option name. | 
| 352 |       * | 
| 353 |       * @since 2.0.1 | 
| 354 |       * @since 4.4.0 The `$option` parameter was added. | 
| 355 |       * | 
| 356 |       * @param mixed  $old_value The old option value. | 
| 357 |       * @param mixed  $value     The new option value. | 
| 358 |       * @param string $option    Option name. | 
| 359 |       */ | 
| 360 |      do_action( "update_option_{$option}", $old_value, $value, $option ); | 
| 361 |  | 
| 362 |      /** | 
| 363 |       * Fires after the value of an option has been successfully updated. | 
| 364 |       * | 
| 365 |       * @since 2.9.0 | 
| 366 |       * | 
| 367 |       * @param string $option    Name of the updated option. | 
| 368 |       * @param mixed  $old_value The old option value. | 
| 369 |       * @param mixed  $value     The new option value. |