Picture Frame command not having alpha transparency options?

I have been trying to insert a transparent png for a while, and after doing some digging you’re supposed to have a few options for the inserted picture show up on your toolbar including alphatransparency, but it doesnt’s show any options other than the ones shown in the picture. is the command moved somewhere or is there another command I need to use?
Screenshot 2024-05-24 053516

ideally, you’d have a png with an alpha channel applied it it already-

if not- once the pic is added, go to the picture frame material, click the eye dropper, click the color chip, and use the eyedropper in the color selector to pick the background color of your picture frame-

then go here-

image

click the eye dropper and sample your image background.

then play with the tolerance to increase/ reduce the effect.