"the option exists" is a perfectly valid phrase in written English.
You can use it when you need to express that a particular possibility is available. For example, "Given the current circumstances, the option exists to pursue a new course of action."
Despite the dire state of the public finances, the Treasury does nothing to advertise the chance to donate, but ministers have occasionally said the option exists.
At many campuses, residents of regular dorms, and even those assigned to substance-free housing they did not request, say they are glad the option exists.
Furthermore, we have tested the device with multiple people and the defaults were adequate for them, but the option exists for fine-tuning.
The NV200 vans are to be equipped with a 2-liter 4-cylinder engine, and the option exists to convert them into plug-in hybrids.
Choose 'Waitlist' if the option exists or search for another course.
The option exists to include it, however, for example in regional applications (such as ARM) rather than on a meridian.
That the option existed at all was the result of what had been a slow expansion of voting access in the state over the last hundred years.
Earlier on, the option existed of inflating the debt away and devaluing the exchange rate to regain a foothold in global markets.
History is replete with examples of men and women who cross-dressed, and some of them, no doubt, would have remade their bodies, had the option existed.
After an initial burst of interest in March, company executives said that customers just stopped realizing the option existed, and they pulled the option for "retooling"." Lydia DePillis in The Washington Post.
This study differed from ISDOC in that though the preferred interview method was face to face, the option existed to perform a telephone interview if the caregiver was to refuse the first option.
