Albert, who is fondly known as Shorty by his colleagues in the FX and rates trading floor, is trading FX out of Gorilla Global Bank (GGB). Being in Mexico City, he usually, he uses European quotes for his options. Currently, he is looking for his next target currency to buy puts. Please mark the only situation for which it would make sense to buy USD puts (against the MXN)

a. Short believes that the US Federal Reserve Bank will raise interest rates from 0.00% to 2.50%

b. PEMEX (Mexico's state oil company) discovers a new and gigantic oil field in the Gulf, which will double Mexico's already large oil exports. In addition, stronger global growth increases WTI oil prices by 35%.

c. Shorty believes that the Mexican Peso (MXN) will depreciate sharply against the USD

d. Shorty believes that Banxico (the Mexican Central Bank) will cut interest rates aggressively (say from 4.00% to 0.00%).