Multiple Choice $(1$ point each$)$

You work as a commodities trader at BrockCorp. Your in$-$house analysts believe that

uranium prices will rise in $18$ months, from $$30$ per pound to $$90$ per pound. Assuming

that your analysts are always correct, and that markets are extremely liquid, which one

of the following strategies will NOT generate positive profits?

$($A$)$ An $18-$month forward contract which obliges you to purchase uranium at $$61$ per

pound. You can then sell the uranium on the spot market.

$($B$)$ The same situation as $($a$),$ but a call option with a premium of $$30$ per pound of

uranium.

$($C$)$ An $18-$month put option, with a premium of $$10$ per pound, to sell at $$70$ per

pound. This involves purchasing uranium at the current spot price, and storing it$,$

which costs $$1$ per pound of uranium, for each month of storage.

$($D$)$ Purchasing uranium at the current spot price, storing it for a monthly fee of $$1$

per pound, and selling it in $18$ months.