Is the Alkene Oxidized or Reduced During This Reaction and How

Multiple Choice

Is the alkene oxidized or reduced during this reaction and how can you tell?

A) Neither, this is not an oxidation-reduction reaction.
B) The alkene is both oxidized and reduced because this is an oxidation-reduction reaction.
C) The alkene is oxidized because it loses two hydrogens.
D) The alkene is reduced because it loses two hydrogens.
E) The alkene is reduced because it gains two hydrogens.