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12. You are holding shares of Royal Caribbean Ltd. (US ticker: RCL). Exchange-listed options on RCL trade on a March, June, September, and December monthly

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12. You are holding shares of Royal Caribbean Ltd. (US ticker: RCL). Exchange-listed options on RCL trade on a March, June, September, and December monthly cycle. On May 12, you are only moderately bullish on RCL so you are seeking to sell a covered call with the shortest time to expiration available. On July 9, a research analyst issues a sell recommendation for RCL, so you are looking to buy a protective put with the longest time to expiration available. The monthly expiration dates of your covered call and protective put are: A) Covered call with a May expiration, protective put with a September expiration B) Covered call with a June expiration, protective put with a September expiration C) Covered call with a June expiration, protective put with a December expiration D) Covered call with a May expiration, protective put with a September expiration E) Covered call with a May expiration, protective put with a December expiration a a a

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