function update_option( $option, $value, $autoload = null ) {
	global $wpdb;

	$option = trim( $option );
	if ( empty( $option ) ) {
		return false;
	}

	wp_protect_special_option( $option );

	if ( is_object( $value ) ) {
		$value = clone $value;
	}

	$value     = sanitize_option( $option, $value );
	$old_value = get_option( $option );

	/**
	 * Filters a specific option before its value is (maybe) serialized and updated.
	 *
	 * The dynamic portion of the hook name, `$option`, refers to the option name.
	 *
	 * @since 2.6.0
	 * @since 4.4.0 The `$option` parameter was added.
	 *
	 * @param mixed  $value     The new, unserialized option value.
	 * @param mixed  $old_value The old option value.
	 * @param string $option    Option name.
	 */
	$value = apply_filters( "pre_update_option_{$option}", $value, $old_value, $option );

	/**
	 * Filters an option before its value is (maybe) serialized and updated.
	 *
	 * @since 3.9.0
	 *
	 * @param mixed  $value     The new, unserialized option value.
	 * @param string $option    Name of the option.
	 * @param mixed  $old_value The old option value.
	 */
	$value = apply_filters( 'pre_update_option', $value, $option, $old_value );

	/*
	 * If the new and old values are the same, no need to update.
	 *
	 * Unserialized values will be adequate in most cases. If the unserialized
	 * data differs, the (maybe) serialized data is checked to avoid
	 * unnecessary database calls for otherwise identical object instances.
	 *
	 * See https://core.trac.wordpress.org/ticket/38903
	 */
	if ( $value === $old_value || maybe_serialize( $value ) === maybe_serialize( $old_value ) ) {
		return false;
	}

	/** This filter is documented in wp-includes/option.php */
	if ( apply_filters( "default_option_{$option}", false, $option, false ) === $old_value ) {
		// Default setting for new options is 'yes'.
		if ( null === $autoload ) {
			$autoload = 'yes';
		}

		return add_option( $option, $value, '', $autoload );
	}

	$serialized_value = maybe_serialize( $value );

	/**
	 * Fires immediately before an option value is updated.
	 *
	 * @since 2.9.0
	 *
	 * @param string $option    Name of the option to update.
	 * @param mixed  $old_value The old option value.
	 * @param mixed  $value     The new option value.
	 */
	do_action( 'update_option', $option, $old_value, $value );

	$update_args = array(
		'option_value' => $serialized_value,
	);

	if ( null !== $autoload ) {
		$update_args['autoload'] = ( 'no' === $autoload || false === $autoload ) ? 'no' : 'yes';
	}

	$result = $wpdb->update( $wpdb->options, $update_args, array( 'option_name' => $option ) );
	if ( ! $result ) {
		return false;
	}

	$notoptions = wp_cache_get( 'notoptions', 'options' );
	if ( is_array( $notoptions ) && isset( $notoptions[ $option ] ) ) {
		unset( $notoptions[ $option ] );
		wp_cache_set( 'notoptions', $notoptions, 'options' );
	}

	if ( ! wp_installing() ) {
		$alloptions = wp_load_alloptions();
		if ( isset( $alloptions[ $option ] ) ) {
			$alloptions[ $option ] = $serialized_value;
			wp_cache_set( 'alloptions', $alloptions, 'options' );
		} else {
			wp_cache_set( $option, $serialized_value, 'options' );
		}
	}

	/**
	 * Fires after the value of a specific option has been successfully updated.
	 *
	 * The dynamic portion of the hook name, `$option`, refers to the option name.
	 *
	 * @since 2.0.1
	 * @since 4.4.0 The `$option` parameter was added.
	 *
	 * @param mixed  $old_value The old option value.
	 * @param mixed  $value     The new option value.
	 * @param string $option    Option name.
	 */
	do_action( "update_option_{$option}", $old_value, $value, $option );

	/**
	 * Fires after the value of an option has been successfully updated.
	 *
	 * @since 2.9.0
	 *
	 * @param string $option    Name of the updated option.
	 * @param mixed  $old_value The old option value.
	 * @param mixed  $value     The new option value.
	 */
	do_action( 'updated_option', $option, $old_value, $value );
	return true;
}