The correct option is A either on the real axis or on a circle passing through the origin.
z2z−1 is purely real∴z2z−1=¯z2¯z−1⇒z¯zz−z2=z¯z¯z−¯z2⇒|¯z|2(z−¯z)−(z−¯z)(z+¯z)=0⇒(z−¯z)(|z|2−(z+¯z))=0Either z=¯z⇒z lies on real axisor |z|2=z+¯z⇒z¯z−z−¯z=0⇒x2+y2−2x=0
Which represents a circle passing through origin.