CONFIG_OMAP_DEBUG_LEDS is not available for thedefaultarchitecture x86.
Result is shown for architecture arm

CONFIG_OMAP_DEBUG_LEDS (not configurable)

modulename: debug-leds.ko

configname: CONFIG_OMAP_DEBUG_LEDS

Linux Kernel Configuration
└─>TI OMAP Implementations
└─>OMAP_DEBUG_LEDS
In linux kernel since version 2.6.22 (release Date: 2007-07-08)  
For debug card leds on TI reference boards.

source code:

depends
CONFIG_ARCH_OMAP |
| CONFIG_OMAP_DEBUG_DEVICES