________ Grants the Buyer the Right to Sell One Designated

Multiple Choice

________ grants the buyer the right to sell one designated futures contract to the writer at the exercise price. That is, the option buyer has the right to acquire a short position in the designated futures contract.

A) A put option on a futures contract
B) A call option on a futures contract
C) A put option on an option contract
D) A call option on an option contract