ABC Adventures Ltd has entered into a contract that is financial instruments as follows:

On 1 April 2023, the company acquired 100,000 exchange-traded call options in Qantas Ltd at a cost of $0.50 per option. The options have an exercise price of $6.00 and mature on 22 November 2023. The options have a fair value to the holder of $0.80 each on 30 June 2023 and $1.3 each on 22 November 2023 when the options are exercised