Consider a derivative trader working for an investment bank. She took a long position on 10 front-month Emini futures contracts earlier today. She hopes to realize some gains from closing out her futures position just before the contracts expire in two months. Which of the following statements best describes the derivative trader's strategy?

A.

The trader is speculating that the S&P500 spot market index will decrease in the future.

B.

By taking a short position on 10 Emini futures contract, the trader is arbitraging.

C.

The trader is speculating that the S&P500 spot market index will increase in the future.