<p>The Committee on Astrobiology and Planetary Sciences of the National Academies of Sciences, Engineering, and Medicine is tasked with monitoring the progress in implementation of the recommendations of the most recent planetary science decadal survey, <i>Vision and Voyages for Planetary Science in the Decade 2013-2022</i>. Planetary science decadal surveys evaluate the state of the field, identify the most important scientific questions and themes, and prioritize missions and activities for the decade in question based on scientific merit, technical feasibility, and anticipated cost. The need for careful monitoring is underscored by the fact that some of the decadal survey's recommendations are triggered at specific programmatic decision points. <i>Options for the Fifth New Frontiers Announcement of Opportunity</i> addresses one such decision point.</p> <p>For each of the following four New Frontiers targets: Ocean Worlds, Trojan Tour and Rendezvous, Io Observer and Lunar Geophysical, this report summarizes changes in scientific understanding or external factors since the release of <i>Vision and Voyages</i> or its midterm review and considers whether those changes have been sufficiently substantial to warrant reconsideration of the four targets for inclusion in the New Frontiers 5 announcement of opportunity, scheduled for release in early 2022.</p>