There are several words with similar (in some sense) meaning:
Options, Settings, Properties, Configuration, Preferences
English is n
I think that one point of view is missing here namely the relation between configuration/settings/options/preferences.
To me a configuration or preferences contain many settings or options so there can be one setting or one option.
You usually say "Change this option/setting" and not "Change this preference/configuration", don't you?
When someone says preferences or configuration I understand it as a set of settings or options.