In regards to Stock Status, can the options be edited to allow different stock options instead of the three options available In Stock, Out of Stock, On Backorder?

Customer would like to use “Sold” or “Prints Available” and does not like the options available. The artwork is original and once the original is sold would like to identify as either “Sold” or “Prints Available” and the user can then select other products through the Linked Products option.

Below is the screenshot of the Stock Status options that would like to change. Please advise if can be changed or if two items can be added “Sold” and “Prints Available”. Thanks in advance!
https://prnt.sc/t0a9qo