Suppose today you observe the following quotations for the CME futures contracts on the British pound(futures prices are quoted in terms of dollars per pound, contract size is 62,500).

Open High Low Settle Change Open interest British Pound (CME)-62,500; $ per June 1.4353 Sept 1.4356 1.4416 1.4333 1.4342 1.4391 1.4398 .0023 .0023 238,280 1.4421 1.796 Which of the following is correct according to the quotations? a. If you hold a long position in the June futures contract, you would realize a loss today. b. If you hold a short position in the September futures contract, you would realize a gain today. c. The number of contracts outstanding decreases with term to maturity. d. None of above is correct