B is correct.
Options has slightly changed.
From Microsoft 365 Admin Center go to :
Health / Service Health. Click on Customize and select the Email tab.
Tick "Send me service heath notifications in email", specify email address the tick the issue types and services to include.
B. From the Microsoft 365 admin center, customize the Service health settings.
By customizing the Service health settings, you can add your personal email address to receive notifications about service issues related to Exchange Online or any other Microsoft 365 services.
To sign up for email notifications of new incidents that affect your tenant and status changes for an active incident, select Preferences > Email, click Send me service heath notifications in email, and then specify:
Up to two email addresses.
Whether you want notifications for incidents or advisories
The services for which you want notification
https://learn.microsoft.com/en-us/microsoft-365/enterprise/view-service-health?view=o365-worldwide#how-to-check-service-health
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