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The phrase "exploit opportunity" is correct and usable in written English.
It is commonly used to refer to the action of taking advantage of an opportunity that has presented itself. For example, "The company saw an opportunity to expand their business and exploited it to the fullest."
Exact(3)
The presiding shades have been those of the Sun Tzu and Machiavelli – who advocated that above all a successful commander must exploit opportunity presented suddenly on the battlefield – fortuna, as the Machiavelli put it in the The Prince.
"that the inequality that exists today....derives less from the unequal availability of opportunity than it does from the unequal ability to exploit opportunity".
The elites, particularly the Republican elites, could be said to have offered the blue collar men and women an opportunity to tolerate, to take on, the following "contract with America:" the upper echelons are free to make lots of money, to exploit opportunity almost at will, and the blue collar will benefit by virtue of a "trickle down".
Similar(57)
"Effective leaders," he added, "exploit opportunities rather than create them".
It must do so skillfully and exploit opportunities accordingly — on its borders and beyond.
Inviting constituencies to collectively solve problems and exploit opportunities is a better strategy.
What's more, their opponents are more motivated to exploit opportunities to remove them.
Washington should remain ready to exploit opportunities for cooperation with Putin on issues where interests do happen to overlap.
Already dominant western operators such as Uber, Netflix and even Amazon are poised to exploit opportunities that local competitors cannot.
Indeed, states appear eager – as they should be – to exploit opportunities for advantageous treatment under the federal tax code.
Philip Hammond, then as the new defence secretary, said in October 2011 after Gaddafi's overthrow, that British businesspeople should pack their suitcases and exploit opportunities in Libya.
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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