Absolutely, but the only option it lists is "spacereserve," but using that option name fails miserably, as seen below.
PS C:\Windows\system32>>> Set-NaVolOption $vols[0] spacereserve none
Set-NaVolOption : Invalid 'option-name': spacereserve
At line:1 char:16
+ Set-NaVolOption <<<< $vols[0] spacereserve none
+ CategoryInfo : InvalidOperation: (ssc-na1b:NaController) [Set-NaVolOption], EONTAPI_E
+ FullyQualifiedErrorId : ApiException,DataONTAP.PowerShell.SDK.Cmdlets.Volume.SetNaVolOption