Find the price of a call option expiring at T = 1 on the crude oil future struck at K = $100.

Options on Futures Suppose that the spot price of crude oil is $100/barrel and that spot price of crude oil will either go up to $110 or down to $90 in one year. Crude Oil futures maturing in one year are currently trading at $105/barrel Suppose that the one-year interest rate is 2% (EAR). Suppose that the storage cost of oil is $1/year, payable in advance at t= 0