get value of an option jquery code example

Example 1: jquery get selected option value

var selectedOptionText = $('#mySelectID').find(":selected").text();//selected option text
var selectedOptionVal = $('#mySelectID').find(":selected").val();//selected option value

Example 2: jquery selected option value

let payment_type = $("#olca_form_submit select[name='payment_type']")
      .find(":selected")
      .val();