sysFlashSet("111", 4, 0x3202BC+4*option_index) should do the job.
I've suggested using a raw address 0xC0001000 instead of "111" earlier (in PM), that's ok too (just need any valid pointer to some data that DOESN'T look like a valid option flag), but IIRC VxWorks shell allows to pass strings for pointer args (it stores them in a temporary buffer and passes correct pointers).
You can check the flash contents before writing with a command like: d 0x903202BC,4
An active option should have byte0!=FF, byte1!=FF, byte2 = byte0 XOR byte1
Note the difference in addresses: 0x90xxxxxx address for "d" command is an absolute address ("d" is not flash-specific), but sysFlashSet() expect an offset from flash base (0x90000000) and adds the base internally.
Option-related addresses:
0x903202BC: byte activation_flags[18][4] - [2] = [0] ^ [1] means "installed"
0x90322000: byte installed_keys[18][20] - key strings (for display, never checked once installed)
0x90322260: uint64 expiration_dates[18] - expiration dates in Unix format