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The phrase "an exit option" is correct and usable in written English.
It can be used when discussing alternatives or choices available to someone, particularly in contexts involving decisions or strategies.
Example: "In case the project does not meet our expectations, we should have an exit option in place to minimize losses."
Alternatives: "a fallback option" or "a way out".
Exact(13)
That doesn't exclude Google as an exit option.
This gives an exit option for long-suffering investors, but still requires the co-operation of the buy-out firm.
High rates of early prepayments on subprime mortgages suggest the use of prepayments as an exit option.
Because older Indian elites have an exit option, they are less likely to resist the loss of political power at home.
"As an exit option for V.C.'s, I have some very healthy skepticism on it," said Theresia Gouw Ranzetta, a partner at Accel, which has invested in Facebook and Glam Media.
The MSP added: "Parliament has been unable to deliver an exit option.
Similar(47)
Having Salesforce as a strategic investor also creates a bridge to a potential exit option.
In contrast, shadow banks create money-like claims by giving their investors an early exit option requiring the rapid liquidation of assets.
They seem to regard this possibility as an 'emergency exit' option for when the deterioration of their health may become unbearable [ 22, 23].
This idea of reassurance by having an emergency exit option available, has also been reported in interviews with elderly people who are weary of life [ 19].
For entrepreneurs and VCs, it can be frightening to have only a single exit option.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com