Correct Answer:

Solution : According to the given figure series –
In each step, a letter from the last position in the given series moves to the first. The first letter of the series shifts to the second position, the second letter to the third position, the third letter to the fourth position, the fourth letter to the fifth position, and the fifth letter to the sixth position.
So, following the above pattern, the required figure will be as follows –

Therefore, the figure in the first option is the required figure. Hence, the first option is correct.