Last October you bought 100 CME lumber contracts for March delivery at a price of $300 per MBF. It is now March 16 and the spot price for lumber is $263 per MBF. How can you complete your futures trade? I. Sell the 100 CME contracts that you own. II. At maturity take delivery of the lumber III. Take a new short position in 100 CME March lumber contracts. (Select the best choice below.)

A. I only

B. I or II

C. II only

D. II or III