Mongoose populate nested array not working

I'm having an issue populating a nested array of documents with Mongoose and none of the solutions I've seen in other threads seem to work.

Here are the models relevant to my issue:

Match

const MatchSchema = new Schema({
    home: {
        type: Schema.Types.ObjectId,
        ref: 'Team',
    },
    away: {
        type: Schema.Types.ObjectId,
        ref: 'Team',
    },
    competition: {
        type: Schema.Types.ObjectId,
        ref: 'Competition',
    },
    date: Date,
    live: Boolean,
    odds: [
        {
            type: Schema.Types.ObjectId,
            ref: 'Odd',
        }
    ],
})

Odd

const OddSchema = new Schema({
    oddValue: Number,
    option: {
        type: Schema.Types.ObjectId,
        ref: 'Option'
    },
    website: {
        type: Schema.Types.ObjectId,
        ref: 'Website'
    },
    market: {
        type: Schema.Types.ObjectId,
        ref: 'Market'
    },
    match: {
        type: Schema.Types.ObjectId,
        ref: 'Match'
    },
})

Market

const MarketSchema = new Schema({
    market: String,
    period: String,

    options: [
        {
            option: {
                type: Schema.Types.ObjectId,
                ref: 'Option'
            },
        }
    ],
})

Option

const OptionSchema = new Schema({
    name: String,
})

Here's how I'm currently populating the documents

let matches = await Match.find()
    .populate('home')
    .populate('away')
    .populate({
        path: 'competition',
        populate: [
            { path: 'country', model: 'Country' },
            { path: 'sport', model: 'Sport'}
        ]
    })
    .populate({
        path: 'odds',
        populate: [
            { path: 'option', model: 'Option' },
            { path: 'website', model: 'Website' },
            { path: 'market', model: 'Market' }
        ]
    })

I'm having issues populating the nested 'options' field in the populated market document.

I've tried chaining populate calls, like

.populate({
        path: 'odds',
        populate: {
            { path: 'market', model: 'Market', 
              populate: { path:'options.option', model: 'Option' }}
        }
    })

but I keep getting the same output of the Odd documents, where all fields are successfully populated except the options array in the nested market field.

odd output

Is there something wrong with the way I'm organising data? Am I calling populate incorrectly?
Thanks in advance

The options field in the Market model was not defined correctly. Should be

const MarketSchema = new Schema({
    market: String,
    period: String,

    options: [
        {
            type: Schema.Types.ObjectId,
            ref: 'Option'
        }
    ],
})