Mac Terminal: Delete a word at time In iTerm2, if I type /one/two/three/four/five and now if I want to delete five and write another string, then how do I delete the word five ?

If I use CTRL + W, it deletes the entire command all the way up to the beginning forward slash.

This exact same functionality is available on the out-of-the-box Terminal  using option + BACKSPACE by using option key as meta key. I am running bash, but this terminal keyboard combination is not working on iTerm2.
I just found that in iTerm2, set options key as ESC+ key under profile -&gt; keys.