Correct option is B

J (10) + 2 = L (12)
L (12) + 2 = N (14)
N (14) + 2 = P (16)
P (16) + 2 = R (18)
First letter: P
Second Letters:
N (14) + 2 = P (16)
P (16) + 2 = R (18)
R (18) + 2 = T (20)
T (20) + 2 = V (22)
Second letter: T
Third Letters:
R (18) - 3 = O (15)
O (15) - 3 = L (12)
L (12) - 3 = I (9)
I (9) - 3 = F (6)
Third letter: I