Missing Folder Option in Windows Xp - Solution:

1. Open Registry Editor
2. Navigate to the following Registry value:hkey current user-->software-->microsoft-->windows-->currentversion-->policies-->explorer
3. In the Right Pane there will be an entry "NoFolderOptions" and the value to the entry is set to 1.
4. To get back your Folder Option, change the DWORD value to 0 or delete the entry.
5. Restart the System and your problem will be solved.