A trader buys into a long future position at $105. The price on the delivery date is $108. Which of the following describes the result of this transaction?

		The trader is not profitable since the delivery date price is over the original purchase price.
		The trader is profitable since the delivery date price is over the original purchase price.
		The trader should short the position to be profitable.
		The trader is neither profitable or not profitable as no cash is exchanged on the delivery date.