@OP:Such compiler option does not exist.
But you should read implications of COMPILE option.
Generates code unless a severe error or unrecoverable error is detected. Equivalent to NOCOMPILE(S).
Error (E) 8 To indicate a condition that is definitely an error. The compiler attempted to correct the error, but the results of program execution might not be what you expect. You should correct the error.
Severe (S) 12 To indicate a condition that is a serious error. The compiler was unable to correct the error. The program does not run correctly, and execution should not be attempted. Object code might not be created.
Unrecoverable (U) 16 To indicate an error condition of such magnitude that the compilation was terminated.
Compiler can continue even after level E error is encountered but not after level S or U (which you want). So if you remove serious/severe from your question then above is the answer to your question.