This is possible, however it is not fully supported. Here is a sample:
html
<select id="selectId">
<option value="1">A</option>
<option value="2">B</option>
<option value="3">C</option>
<option value="4">D</option>
</select>
jquery
$("#selectId>option").click(function(){
alert(this.value);
});
here is a mediocre approach to handle ie:
<div id="dropdownWrapper">
<select id="selectId">
<option value="1">A</option>
<option value="2">B</option>
<option value="3">C</option>
<option value="4">D</option>
</select>
</div>
js
var clickCount_guid324fF = 0;
$("#dropdownWrapper").click(function(){
if(++clickCount_guid324fF % 2 == 0){
alert($("#selectId").val());
clickCount_guid324fF = 0;
}
});