I finally figured out how to create options that move in a manner similar to Gradius! :D
Here is an example of Options moving! Gradius V Option-style Movement
I also feel this should be shared with the community as it has many uses! Here's a CAPX with lots of comments! Gradius Options CAPX with lots of comments!
Apparently the solution was to make an array that saves the position of ship every tick, and then move the options to a certain spot on the array!
-Hold Q to rotate the options 360 degrees!
-Hold Space to Shoot!
Edit: Press A, S, and D to change speed. D is default speed, A is over twice as fast, and S is insanely fast! :P