In Excel Office 365, I do not have the "Encrypt with Password" option

On Microsoft's website, it provides the following instructions to password protect an Excel workbook:

Select File > Info.

Select the Protect Workbook box and choose Encrypt with Password.

Enter a password in the Password box, and then select OK.

Confirm the password in the Reenter Password box, and then select OK.

https://support.microsoft.com/en-us/office/protect-an-excel-file-7359d4ae-7213-4ac2-b058-f75e9311b599

However, in my Office 365 version of excel, these are the only options I see:

Protect Workbook Options

How can I password protect this workbook?

Edit in response to the answer saying I should see a password option when hitting "Save As":

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Then when selecting "More options..."

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The documentation you found may be correct, but you are not getting the full menu that I get, as you are missing the "Encrypt with Password" option:

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Try this alternative method: In the Review pane, group Protect, you will find a Protect Sheet button. This protects from change, but does not encrypt the document.

Press the button to show this dialog where you may specify what to protect and a password:

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