JSFiddle - React, Tailwind, and code Playground
HTML
<select id="sel">
<option value="0">Option1</option>
<option value="1">Option2</option>
<option value="2">Option3</option>
<option value="3">Option4</option>
</select>
JavaScript
var opt = 'Option1';
if ($('#sel option:contains('+ opt +')').length) {
alert('This option exists')
}