The correct option is B water soluble and lipid soluble.
Hormones can also be classified based on their solubility as
Lipid soluble - steroids and iodothyronines are not soluble in water but soluble in lipids. These belong to lipid soluble hormones.
Water soluble - peptide, protein hormones and amino acid derivatives are hydrophilic (tendency to dissolve in water) and belong to water soluble hormones.