Invalid option '%1' -- no PUBLIC setting exists

Item Value
SQLCODE -200
Constant SQLE_INVALID_OPTION
SQLSTATE 42W16
Sybase error code 155
ODBC 2 State 37000
ODBC 3 State 42000
Parameter 1 Name of the invalid option.

Probable cause 

You may have misspelled the name of an option in the SET OPTION statement. You can only define an option for a user if the database administrator has supplied a PUBLIC value for that option.