Select the Most Accurate Alternative

Multiple Choice

Select the most accurate alternative. The theta of an in-the-money cash-or-nothing call option is

A) Positive, as is the case for any call.
B) Positive, because payoffs are the same once you are in-the-money and more time to maturity only increases the possibility of moving out of the money.
C) Negative, because payoffs are the same once you are in-the-money and more time to maturity only increases the possibility of moving out of the money.
D) Negative, as is the case for any call.