The -O* options specify convenient
    “packages” of optimisation flags; the
    -f* options described later on specify
    individual optimisations to be turned on/off;
    the -m* options specify
    machine-specific optimisations to be turned
    on/off.
There are many options that affect the quality of code produced by GHC. Most people only have a general goal, something like “Compile quickly” or “Make my program run like greased lightning.” The following “packages” of optimisations (or lack thereof) should suffice.
Note that higher optimisation levels cause more cross-module optimisation to be performed, which can have an impact on how much of your program needs to be recompiled when you change something. This is one reason to stick to no-optimisation when developing code.
-O*-type option specified:
            
          This is taken to mean: “Please compile quickly; I'm not over-bothered about compiled-code quality.” So, for example: ghc -c Foo.hs
-O0:
            
          Means “turn off all optimisation”,
	    reverting to the same settings as if no
	    -O options had been specified.  Saying
	    -O0 can be useful if
	    eg. make has inserted a
	    -O on the command line already.
-O or -O1:
            
            
            
          Means: “Generate good-quality code without taking too long about it.” Thus, for example: ghc -c -O Main.lhs
-O2:
            
            
          Means: “Apply every non-dangerous optimisation, even if it means significantly longer compile times.”
The avoided “dangerous” optimisations are those that can make runtime or space worse if you're unlucky. They are normally turned on or off individually.
At the moment, -O2 is
            unlikely to produce better code than
            -O.
-Ofile <file>:
            
            
          (NOTE: not supported since GHC 4.x. Please ask if you're interested in this.)
For those who need absolute
            control over exactly what options are
            used (e.g., compiler writers, sometimes :-), a list of
            options can be put in a file and then slurped in with
            -Ofile.
In that file, comments are of the
            #-to-end-of-line variety; blank
            lines and most whitespace is ignored.
Please ask if you are baffled and would like an
	    example of -Ofile!
We don't use a -O* flag for day-to-day
      work.  We use -O to get respectable speed;
      e.g., when we want to measure something.  When we want to go for
      broke, we tend to use -O2 -fvia-C (and we go for
      lots of coffee breaks).
The easiest way to see what -O (etc.)
      “really mean” is to run with -v,
      then stand back in amazement.
These flags turn on and off individual optimisations.
      They are normally set via the -O options
      described above, and as such, you shouldn't need to set any of
      them explicitly (indeed, doing so could lead to unexpected
      results).  However, there are one or two that may be of
      interest:
-fexcess-precision:When this option is given, intermediate floating
	    point values can have a greater
	    precision/range than the final type.  Generally this is a
	    good thing, but some programs may rely on the exact
	    precision/range of
	    Float/Double values
	    and should not use this option for their compilation.
-fignore-asserts:Causes GHC to ignore uses of the function
	    Exception.assert in source code (in
	    other words, rewriting Exception.assert p
	    e to e (see Section 7.12, “Assertions
”).  This flag is turned on by
	    -O.
	    
-fno-cse
            
          Turns off the common-sub-expression elimination optimisation.
	      Can be useful if you have some unsafePerformIO
	    expressions that you don't want commoned-up.
-fno-strictness
            
          Turns off the strictness analyser; sometimes it eats too many cycles.
-fno-full-laziness
            
          Turns off the full laziness optimisation (also known as let-floating). Full laziness increases sharing, which can lead to increased memory residency.
NOTE: GHC doesn't implement complete full-laziness.
            When optimisation in on, and
            -fno-full-laziness is not given, some
            transformations that increase sharing are performed, such
            as extracting repeated computations from a loop.  These
            are the same transformations that a fully lazy
            implementation would do, the difference is that GHC
            doesn't consistently apply full-laziness, so don't rely on
            it.
-fno-float-in
            
          Turns off the float-in transformation.
-fno-specialise
            
          Turns off the automatic specialisation of overloaded functions.
-fspec-constr
            
          Turn on call-pattern specialisation.
-fliberate-case
            
          Turn on the liberate-case transformation.
-fstatic-argument-transformation
            
          Turn on the static argument transformation.
-fno-state-hack
            
          Turn off the "state hack" whereby any lambda with a
	      State# token as argument is considered to be
	      single-entry, hence it is considered OK to inline things inside
	      it.  This can improve performance of IO and ST monad code, but it
	    runs the risk of reducing sharing.
-fomit-interface-pragmas
	    
          Tells GHC to omit all inessential information from the interface file generated for the module being compiled (say M). This means that a module importing M will see only the types of the functions that M exports, but not their unfoldings, strictness info, etc. Hence, for example, no function exported by M will be inlined into an importing module. The benefit is that modules that import M will need to be recompiled less often (only when M's exports change their type, not when they change their implementation).
-fignore-interface-pragmas
	    
          Tells GHC to ignore all inessential information when reading interface files.
	    That is, even if M.hi contains unfolding or strictness information
	    for a function, GHC will ignore that information.
-funbox-strict-fields:
	    
	    
	    
          This option causes all constructor fields which are
            marked strict (i.e. “!”) to be unboxed or
            unpacked if possible.  It is equivalent to adding an
            UNPACK pragma to every strict
            constructor field (see Section 7.13.11, “UNPACK pragma”).
This option is a bit of a sledgehammer: it might
	    sometimes make things worse.  Selectively unboxing fields
	    by using UNPACK pragmas might be
	    better.
-funfolding-creation-threshold=n:
	    
	    
	    
          (Default: 45) Governs the maximum size that GHC will allow a function unfolding to be. (An unfolding has a “size” that reflects the cost in terms of “code bloat” of expanding that unfolding at at a call site. A bigger function would be assigned a bigger cost.)
Consequences: (a) nothing larger than this will be inlined (unless it has an INLINE pragma); (b) nothing larger than this will be spewed into an interface file.
Increasing this figure is more likely to result in longer compile times than faster code. The next option is more useful:
-funfolding-use-threshold=n(Default: 8) This is the magic cut-off figure for
            unfolding: below this size, a function definition will be
            unfolded at the call-site, any bigger and it won't.  The
            size computed for a function depends on two things: the
            actual size of the expression minus any discounts that
            apply (see -funfolding-con-discount).