I answered Buy 73 Jul Call Option and pay $40.

Is this correct?

Given the prices of options for CD, if you believe that CD is going to appreciate and you have payables worth CD 50,000 to be made in the future, which of the following positions would you rather take and how much do you need to pay/receive today to hedge against such a risk? OPTIONS PHILADELPHIA EXCHANGE Calls Puts Vol. Lost 50.000 Canadian Dollars-cants per unit. 72 Sep 72V2 Jul 0.13 722 Sep 73 Jul 50 0.08 73 Sep 7317 Sep 7512 Sep 7672 Sep 60 ... BNN wi ... Sell 73 Jul Call option and receive $40 Buy 73 1/2 Sep Put option and pay $1,130 Buy 73 Jul Call option and pay $40 Buy 73