The correct option is D solvated electrons
The free ammoniated electrons make the solution of Na in liquid NH3 a very powerful reducing agent.
Note: The ammonical solution of an alkali metal is rather favoured as a reducing agent than its aqueous solution because in aqueous solution the alkali metal being highly electropositive evolves hydrogen from water (thus H2O acts as an oxidising agent) while its solution in ammonia is quite stable, provided no catalyst (transition metal) is present.