An option is a separately bookable version of a product, such as another time of day or a private version. A new option starts as a copy of the first one's ticket types and rules.
Open the product and press Options and tickets in the page map.
Press Add an option. The new one is marked New option.
Fill in Option name, Meeting point and Meeting time.
The ticket types and rules come from the first option. Change anything that is different.
Press Save. The option is created only then.
Under Rates and dates, the new option has its own block showing No rate yet. Add its prices and open its dates so it can be booked.
Tip. To stop selling one option for a while, untick its On sale box instead of removing it.