Poor people who lack adequate means to take protective measures and who also have little capacity to cope with the loss are the worst affected by flood disaster. Keeping this in the perspective, BRAC DECC programme has underataken an action-based development programme to reduce vulnerability of women living in disaster prone areas. This qualitative study attempts to explore alternative livelihood opportunities in which women might be interested to get interventions (training and/or grant). Three upazilas namely Chawhali in Sirajganj, Bhedarganj in Sariatpur and Dowarabazar in Sunamganj districts have been purposively selected considering their distance from rivers (closer or further) in order to understand livelihood patterns in varied locations. A total of nine FGDs with ultra-poor women, 3 FGDs with men and 3 key informant interviews were conducted. Vulnerable women who have already affected by natural disaster or have the possibility of being affected in the future participated in the group discussions. Data were collected using a semi-structured questionnaire on socio-demographic characteristics, types of existing livelihood, possible risks of existing livelihood, types of hazards, coping strategy, alternative choice of livelihoods for intervention, etc. In the research findings, we found that flood was perceived as a common phenomenon disrupting their lives and livelihoods. According to most of the respondents, flood hit suddenly, less frequently but greater in extent and lengthier compared to the past. Most of the respondents who were involved in farm-based activities lost interest in agriculture due to flood or lack of rainfall. They could not work for 3-4 months during flood. However, they had own choice of alternative livelihoods which could reduce their vulnerability during crisis period. Raising cow or goat was the most preferred alternative livelihood options followed by shop, tailoring and poultry farming. The reasons behind such preferences were profit making, earning throughout the year, performing these activities while staying at home beside alongside other household works and involving family members in income generating activities. According to them, they would be able to do these activities even during the flood by making some arrangements of shifting cows and goat to safer places or making elevated floor by bamboo over flood water to keep ducks and chickens. Programme’s support will create income opportunities for women through their alternative choices of livelihood.