Attribute option value

$code = 'nwtcdon_expose_status';
$attributeId = Mage::getResourceModel('eav/entity_attribute_collection')->setCodeFilter($code)->getFirstItem()->getAttributeId();
$attribute = Mage::getModel('catalog/resource_eav_attribute')->load($attributeId);

if ($attribute->usesSource()) {
    $items = $attribute->getSource()->getAllOptions(false,true);
}

foreach($items as $option) {
    if($option['label']=='watchable') {
        var_dump($option);
    }
}