What theme are you using. In the Zen theme, I moved the Bluetooth radio button up to one of the top five icons so it's on my home screen. Otherwise, hold ALT and click the bluetooth icon and select "Move Icon" and move it toward the top of the screen. If you want a "shortcut icon" to the options menu under bluetooth, I don't believe you can do that. You can probably set up a shortcut key, for that check Stinsonddog's tips in his signature.
Stinsonddog's Blackberry Tips