0/1 pts Incorrect Question2 Suppose you buy a call option contract on October gold futures with a strike price of $1200 per ounce. Each contract is for the delivery of 100 ounces. What happens if you exercise when the October futures price is $1,230? Read section 16.1 $3000 is added to your margin account, and at the same time, you acquire a short futures position obligating you to sell 100 ounce of gold in October. $3000 is deducted from your margin account, and at the same time, you acquire a short futures position obligating you to sell 100 ounce of gold in October $3000 is added to your margin account, and at the same time, you acquire a long futures position obligating you to buy 100 ounce of gold in October. $3000 is deducted from your margin account, and at the same time, you acquire a long futures position obligating you to buy 100 ounce of gold in October