Yes, option is in the scrabble dictionary

...and is worth 10 points by itself.

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Option Definition

noun

A stock option.
from The American Heritage Dictionary of the English Language, 4th Edition
An item or feature that may be chosen to replace or enhance standard equipment, as in a car.
from The American Heritage Dictionary of the English Language, 4th Edition
Baseball The right of a major-league team to transfer a player to a minor-league team while being able to recall the player within a specified period.
from The American Heritage Dictionary of the English Language, 4th Edition
Football An offensive play in which a back, usually the quarterback, has the choice of running with the ball or throwing a forward pass.
from The American Heritage Dictionary of the English Language, 4th Edition
Something chosen or available as a choice.
from The American Heritage Dictionary of the English Language, 4th Edition

verb-transitive

Baseball To transfer (a major-league player) to a minor-league club on option.
from The American Heritage Dictionary of the English Language, 4th Edition
To acquire or grant an option on: "had optioned for a film several short stories about two policemen” ( Barbara Goldsmith).
from The American Heritage Dictionary of the English Language, 4th Edition

verb

To acquire the exclusive right to use (an author's work) as the basis for a motion picture .
from Free Scrabble Dictionary
To grant or take an option on.
from Free Scrabble Dictionary

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Top Words by points

Points

potion

8

2 letter words with OPTION

Points

oi

2

po

4

pi

4

in

2

ti

2

op

4

on

2

to

2

no

2

it

2

3 letter words with OPTION

Points

tin

3

poi

5

tip

5

ton

3

pot

5

poo

5

too

3

pit

5

top

5

nip

5

nit

3

opt

5

oot

3

noo

3

not

3

ono

3

pin

5

ion

3

4 letter words with OPTION

Points

toon

4

into

4

topi

6

poon

6

pion

6

pint

6

onto

4

topo

6

5 letter words with OPTION

Points

point

7

piton

7

pinto

7

pinot

7

topoi

7

6 letter words with OPTION

Points

potion

8

option

8

Found 43 words in 0.19552 seconds