options window ignored

I must be missing something here. :h :options says
"For window and buffer specific options, the last accessed window is used to set the option value in"
But the options window is ignored. F. ex.

If I start vim with
vim -u NONE -U NONE -i NONE -N
then I type
200ii
and press escape, 200 characters are wrapped onto 3 lines, then
:options
move the cursor to 4 displaying text, press enter, move the cursor to the line with "set wrap", press enter, and it toggles to "set nowrap".

But the wrap option in the window with 200 i's is not affected.


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