Consider a speculator with a long American call option on a stock. The call has a strike of $30 and a maturity of 6 months. The stock is currently trading at $42 and there are no expected dividends over the coming 6 months. The speculator believes the stock price has peaked and wishes to close their position. The speculator should A. Do nothing because it is never optimal to exercise early. B. Exercise the option, and then sell the stock in the spot market. C. Sell an otherwise equivalent American put. D. Hedge the exposure using a long futures contract. E. None of the above. c A E B D