I was able to reproduce the issue of not being able to edit the option when it includes quotes in the name. I have logged a bug in our bug base and will try to have a fix for this issue in future releases.
However, i could not reproduce the issue with the options being deleted from the database.
I recommend that you clean up your tables before adding any more options (with out using quotes), i also recommend that you use a different database if that is possible.
sorry for the inconvenience.