ABC company's financial manager buys call options on 57 000 barrels of oil with an exercise price of $97 per barrel. She simultaneously sells a put option on 57,000 barrels of oil with the same exercise price of $97 per barrel Ignore the costs of the options and all transaction costs. What is abc's profit or loss on these two option contracts if market price of oil is $95 per barrel at expiration

A 0, as her position is completely hedged

B Loss of $114,000 C Loss of $20,000 D Profit of $20,000 E Profit of $114,000