Why did Pope Pius V excommunicate Queen Elizabeth I in 1570?

The pope declared her a heretic because she invaded France and Spain, allies of the Catholic Church.

The pope declared her a heretic because she sided with Charles V to form the Schmalkaldic League.

The pope declared her a heretic because she refused to send English troops to aid Rome when it was sacked by Spanish marauders.

The pope deemed her a heretic because she declared the Church of England independent of Vatican authority.

I believe It's C. Am I correct?