Honestly, this seems like a stretched comparison to me. How many managers understand options? And what is even the underlying for your call option? Why would it be a call option and not a put option?
That's precisely the point - the reason so many companies fall into the trap of technical debt is that they not only don't understand the risks of what they're getting into; they lack the language (and analogies) to describe the risks.
i think trying to explain in the language of options isn't a great comparison, perhaps a clearer way to think about it might be in terms of "robustness" to possible future scenarios (see also Taleb's Antifragile)