What is the meaning of "paradise" in Luke 23:43?

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"And he said to him, “Truly, I say to you, today you will be with me in paradise.”"Luke 23:43, ESV.

The Greek word used for paradise (Παραδείσῳ) has three meanings, according to Strong’s Concordance:

1. A garden, taken from the ancient Persion word for garden. This makes sense in the context of Adam and Eve, when we speak of them as having lived in paradise.
2. The bosom of Abraham, that part of Sheol(or Hades, the grave) where the righteous rest, awaiting resurrection.
3. An upper region in the heavens (cf. 2 Corinthians 12:4)

Which one of these does the text in question mean? It looks like Strong’s directly point out to number 2, but also admitting not everyone agrees with that. But why? What are the arguments for any of the views?

Does Jesus refer to the heaven as upper region, or the common grave of the righteous?