Assume a trader has inside information about an upcoming takeover announcement. She knows that company A will announce a hostile takeover for company B and that company A will offer $50/share for company Bs stock. Assume the current price of company B stock is $25 and that when the takeover announcement is made, the price of company B stock will increase to $50. Which of the following options would provide the most leverage (i.e., highest return) to this trader? (assume all the options have the same expiration date)

A) Call option with exercise price of $20

B) Call option with exercise price of $25

C) Call option with exercise price of $30

D) All of the above options provide equal leverage