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Auto-populating an option set based on the value of another option set belonging to a different entity

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Hello all,

As the question implies, I'm trying to come up with a way to auto-populate an option-set field based on the value of another option set from a different custom entity.

This is my scenario: let's say that I have a custom entity called "Lease Request". "new_status" option-set field captures the status of the lease being "signed" or "submitted". Whenever the user changes the status to"signed", I'd like to auto-populate the "new_status" option-set field on the "Opportunity" form to "Closed". 

Would JScript work in this case because we're dealing with two different entities? or should I be using a custom workflow or etc.?

Thanks


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