Set an id to the option then use get element by id and disable it when x value has been selected..
example
<body>
<select class="pull-right text-muted small"
name="driveCapacity" id=driveCapacity onchange="checkRPM()">
<option value="4000.0" id="4000">4TB</option>
<option value="900.0" id="900">900GB</option>
<option value="300.0" id ="300">300GB</option>
</select>
</body>
<script>
var perfType = document.getElementById("driveRPM").value;
if(perfType == "7200"){
document.getElementById("driveCapacity").value = "4000.0";
document.getElementById("4000").disabled = false;
}else{
document.getElementById("4000").disabled = true;
}
</script>