DaVinci Resolve Studio 17.1

Hello!
Need some help with optimised media.
When I right click a clip (for which I know there is optimised media) I do not see "Rediscover optimised Media" in the contextual menu. Also, in the Media Pool, if I right click one of the column headings, I do not see optimised media check box in the list.
Also, To clear optimised media: When I open the project, and choose Playback > , there is no "Delete Optimised Media" in the menu.
Is there something wrong with my settings? Am I missing something?
Please help.
I am running the Davinci Resolve Studio version 17.1
System iMacPro
OS: macOS Big Sur 11.1
Need some help with optimised media.
When I right click a clip (for which I know there is optimised media) I do not see "Rediscover optimised Media" in the contextual menu. Also, in the Media Pool, if I right click one of the column headings, I do not see optimised media check box in the list.
Also, To clear optimised media: When I open the project, and choose Playback > , there is no "Delete Optimised Media" in the menu.
Is there something wrong with my settings? Am I missing something?
Please help.
I am running the Davinci Resolve Studio version 17.1
System iMacPro
OS: macOS Big Sur 11.1