These options are defined specifically for the FT32 port.
-msimSpecifies that the program will be run on the simulator. This causes an alternate runtime startup and library to be linked. You must not use this option when generating programs that will run on real hardware; you must provide your own runtime library for whatever I/O functions are needed.
-mlraEnable Local Register Allocation. This is still experimental for FT32, so by default the compiler uses standard reload.
-mnodivDo not use div and mod instructions.
-mft32bEnable use of the extended instructions of the FT32B processor.
-mcompressCompress all code using the Ft32B code compression scheme.
-mnopmDo not generate code that reads program memory.
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Licensed under the GNU Free Documentation License, Version 1.3.
https://gcc.gnu.org/onlinedocs/gcc-9.2.0/gcc/FT32-Options.html