'former option' is correct and can be used in written English.
It is used to refer to an option that has either been replaced or is no longer available. For example, "The company has decided to go with the new option instead of the former option."
(For a class that needs a great deal of supervision, the former option may be preferable).
The former option is unappealing to conservatives, and isn't really a first-best result for liberals either.
Those who had just been read a fiery article about American actions in the Middle East tended to select the former option.
If forced to choose between enraging the Tea Partiers and committing electoral suicide, Boehner and the Republican leadership seem bound to choose the former option.
For the club's first visit to Southampton tonight, they've opted for the former option with a keenly anticipated one-off at the tight but handsomely equipped Junk Club.
But when faced with a choice of cutting the deficit or facing a major financial crisis, the politicians will choose the former option.
The former option, in this case, would mean courting wealthier voters even more aggressively than the Bush-era party did, and trying mobilize entrepreneurs the way Karl Rove mobilized evangelicals.
He suggested a timetable for the former option that included a referendum in May 2003, elections to a unified parliament in December 2003, and a presidential election in March 2004.
The hills that surrounded them were lush, semi-temperate rainforest and, besides, they all knew their fireplans, and the official advice that you needed to either stay and fight or go early, with the former option widely preferred.
Mullings' crew opted for the former option, cranking up the music and cheering loudly in the apartment that the Surrey coach and former Australia wicketkeeper, Steve Rixon, occupied last season.
Coady chooses the former option.
