I have always been a fan of stable time loops so I guess option 2 is the best one for me.
One trope I’d like to see more of is loops which are not stable themselves, but are stable as a group. Eg a 2-loop has loop A in which someone goes back in time and changes history leading to a new timeline loop B. Someone in loop B later goes back in time and changes history in a way that turns the timeline back into loop A.
My headcanon is that your option 3 is basically an n-loop that we only see the first few loops of.
Dark
The season 3 story was pretty much why I’m interested in this trope! Although I maintain Dark was not a stable time loop story, it just had the appearance of one.