Phanerogams without ovaries are called gymnosperms.
 

Concept: Gymnosperms are Phanerogams without ovaries. Gymnosperms are seed-bearing plants with unclosed seeds, which means their seeds are open and unclosed. 
Gymnosperms have naked seeds, which means they don't have an ovary because the seeds is not in a fruit.
Hence, option 1 is the correct answer.