Select which best describes the rights and/or responsibilities given a European style option if someone is: a SELLER of one CALL contract on stock currently priced @ 35 having a strike of 40 with time to expiration of 3 months.

1 If the stock is priced at 35 at expiration, this person would exercise their right to sell it for 40 per share.

2 This person has the right to sell the stock at expiration for 40 per share

3 This person is obligated to buy the stock at expiration for 40 per share

4 This person has the right to buy the stock at expiration for 40 per share

5 If the stock is priced above the strike at expiration, e.g. 43, this person will be obligated to sell it for 40 per share.