Cash dividends paid to stock owners result in a price adjustment, the price of the stock is reduced by exactly by the same amount as the dividend paid. The company announces a cash dividend to be paid before the expiration date of the options written on the stock. What would you do?

A) If you own a put, you will wait

B) short one put, buy one call

C) If you own a short call, sell immediately

D) if you own a long call, you will wait.