What is the difference between a position that goes long a put option on underlying asset ABC with a strike price of X and another that goes short a forward contract on underlying asset ABC with a forward price of F = X? Both the put and forward have the same expiration date. A. The put option gives the right but not the obligation to sell ABC at the expiration date, whereas the forward position gives the obligation to sell ABC at the expiration date B. The put option gives the right but not the obligation to sell ABC at the expiration date, whereas the forward position gives the obligation to buy ABC at the expiration date C. With the put option, we know the price to sell ABC at the expiration date will be X if we choose to exercise; with the forward contract, the price to sell ABC will change based on the spot price of ABC at expiration D. Nothing, both positions provide the same payoffs and have the same initial price E. Both positions provide the same payoffs, but have different initial prices