Completion of the first meiotic division of the primary oocytes takes place -

Within the tertiary follicle

The correct answer is Option (2) → Within the tertiary follicle 

The process of formation of a mature female gamete is called oogenesis. Oogenesis is initiated during the embryonic development stage when a couple of million gamete mother cells (oogonia) are formed within each fetal ovary; no more oogonia are formed and added after birth. These cells start division and enter into prophase-I of the meiotic division and get temporarily arrested at that stage, called primary oocytes. Each primary oocyte then gets surrounded by a layer of granulosa cells and is called the primary follicle. A large number of these follicles degenerate during the phase from birth to puberty. Therefore, at puberty only 60,000-80,000 primary follicles are left in each ovary. The primary follicles get surrounded by more layers of granulosa cells and a new theca and are called secondary follicles. The secondary follicle soon transforms into a tertiary follicle which is characterised by a fluid filled cavity called antrum. The theca layer is organised into an inner theca interna and an outer theca externa.

The secondary follicle soon transforms into a tertiary follicle which is characterised by a fluid filled cavity called antrum. The theca layer is organised into an inner theca interna and an outer theca externa. It is important to draw your attention that it is at this stage that the primary oocyte within the tertiary follicle grows in size and completes its first meiotic division. It is an unequal division resulting in the formation of a large haploid secondary oocyte and a tiny first polar body.