ParentElement JS extract “name”.

Hello. I noob programing.

I need extracting "ALGARROBO" and put in variable in JS.

<select>
<option value="0560200101">ALGARROBO</option>
<option value="0760200601">CALIFORNIA</option>
""       ""         ""   +70 options
</select>

Someone would be so kind to give me the js code?
It is not possible to change the "value", since that information goes to api (and created to handle those numbers)
I know how to extract the "value" and use it, but I want to store "Algarrobo" in a variable in JS, how is it done?

Best regards and thanks.

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