Correct answer is (c) vertical plane passing through the point of load application
To explain I would say: The stress equation is given by,
\(σ_z=\frac{3Q}{2πz^2} \left[\frac{1}{1+(\frac{r}{z})^2}\right]^\frac{5}{2},\)
if r=0, we get the maximum stress value. Hence, the maximum stress occurs on vertical plane passing through the point of load application.