If your folder option tool is being missing from the my computer menu which is in the tool menu.

And for these you have to modify your registry to get back your folder option click on the Start button on the task bar and select the RUN command from the start menu and type as regedit in the RUN address bar and click on the ok and after that click on the browse button search for
HKEY_CURRENT_USER\Software\Microsoft\Windows\Curre ntVersion\Policies\Explorer

And find the no folder option key and change the value as 0 if you have the registry key and restart your computer

And confirm whether your PC policies are not been set as disabled and again click on the Start button and select the RUN command and type as gpedit.msc and search for the locations User Configuration\Administrative Templates\Windows Components\Windows Explorer. This is on the right side and set remove the folder options to not confiquerd by double clicking it and set the suitable option.