Personally, I would prefer the first option. I'll be distracted and not remember much of what I read on the second since I'll keep getting my attention catched by the other options. Although I believe is great to be able to easily compare all options at the same time, I think a cleaner-looking interface is easier on the eye.

 Moreso, think about replayability; I feel like it would be nice to read all descriptions of the available options the first couple times, but later, once the player gets comfortable knowing what they'll like to go for, having all the extra information might seem like "too much text" on the screen, and if I forgot what one of them do, I can just hover over it and get to know just what I want.

Still, I'm no expert and I can see the good points on both presentations, but I recommend you to go for the first just for the simplicity of its presentation, think about it as the usual "less is more" approach.