The correct option is B Secretory phase: development of corpus luteum and increased production of progesterone.
Secretory/luteal phase is the post ovulatory phase where development of corpus luteum takes place and thereby, the secretion of progesterone increases.
During the proliferative/follicular phase, rapid regeneration of endometrium takes place but there is no ovulation during this phase.
Menstruation is the breakdown of uterine endometrium.
During ovulation, the levels of LH are very high and that causes ovulation.