Create a tool Preset - An example

Step 1 - Open an image
If one isn't already open, open an image.
Step 2 - Choose the Text tool
Choose the Text tool.
Select this tool for me.
Step 3 - Set the Tool Options
Set the following Tool Options: a) set Create As to Vector; b) set Font to Arial; c) set Size to 20; d) set Stroke Width to 1.0; e) set Anti-alias to Smooth; f) set Alignment to Left; g) set Font Style to Bold and Italic.
Step 4 - Choose stroke and fill color
In the Materials palette, set the Foreground/Stroke to Yellow, and the Background/Fill to Black.
Step 5 - Save this Preset
Click the Presets button in the Tool Options palette, click the Save Presets button, and in the Save Presets dialog, type "20ptArialBIYellowBlack". Click OK to save this Preset. You'll now see it in the Presets list.
Notes and Tips:
If you find yourself repeatedly using specific tool settings, save them as a Preset. You might be amazed at the setup time you'll save.
To delete a Preset, select it from the Presets drop-list, and then click the Resource Manager button, also located in the Presets drop-list. In the Resource Manager dialog, click Delete.
To reset a tool's Presets to the defaults, click the Reset to Default button in the Presets drop-list.

Learn More:
Create a dialog Preset - An example
Basic scripting