The correct option is C She is possibly
The phrase 'she is possibly' in option B is used as to indicate 'perhaps' or 'maybe'. The context refers to 'might be' which also indicates chance that perhaps she is on this bus.
'Sure she is' in option A indicates that she is definitely on the bus. However, this does not concur with the context.
She won't be in option C is a contraction of she will not be, which indicates the surety that she is not on the bus. However, the context indicates that there is a chance that she is on the bus.
She is definitely also implies that there is no chance that she is not there. However, 'might be on the bus' indicates that there is a chance that she is not on the bus.
So, only option B is correct.