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NEW QUESTION: 1

A. Option B
B. Option A
C. Option D
D. Option C
Answer: A

NEW QUESTION: 2
Consider an American put option on March coffee futures contracts. The holder of a SHORT position in this American put option:
A. may be called upon to purchase the March coffee futures contract at any time between now and the option's expiration date
B. may be called upon to sell the March coffee futures contract at any time between now and the option's expiration date
C. may be called upon to purchase the March coffee futures contract only on the option's expiration date
Answer: A
Explanation:
The holder of the LONG position in this American option may exercise it on or before the expiration date.

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