I have the same exact problem. I bought the optical CAC-1379 Optical cable (65.6ft) and it doesn’t work on both my B9 and C9. I have two LG Oled TV and both resulting in the same behavior which is a black screen as soon as deep color is enabled in the menu of the TV (because it switches to native resolution HDMI 2.1 at 120hz 4:4:4 10bit) and the cable can’t provide enough bandwidth or is not compliant. It’s easy to see the resolution if you use a second monitor (the max I can get if I change it is 4K 60hz YUV420, which is really not what I’v paid for).
I am on the latest version of nvidia drivers 461.09. Both my TVs are on the latest firmware version as well. C9 = 5.00.10 and B9 5.00.02
I suspect the chip inside the cable that can’t process 40 or 48gpbs properly. I am not too sure if this can be upgraded via a firmware update (they did with my Display port to HDMI 2.0 before).
But the matter of fact is that it’s a very expensive cable and I ratter return that one and buy one that works for my B9 and C9. Any help before I return will be appreciated