Hi Mobeen,
Sadly the environment is Dynamics 365. Those flows don't have those options.
Also, I didn't create the flow per se. The Automatic Record Creation and Update Rules flow did it for me.
But I appreciate the tip because I didn't know I could do that - that's very helpful for our regular flows.No more guesswork!
For illustration purposes, this is how that flow gets generated through ARC/UR




And here's the part where you can create Flows for Dynamics 365, and they have different options there

The biggest problem for us right now as users / consumers of Dynamics 365, everything is changing rapidly. The UI keeps changing, things that I had on my screen are gone and now labeled as "legacy things" and they can only be accessed via the legacy administration center. The documentation doesn't match what I see on my screens and the examples of how people did similar things are all outdated.
It's getting somewhat frustrating :-) But thanks to people like yourself, we are making headway and finding solutions.
So thank you very much for your time and attention
Kindest regards