There are two parties to a futures contract. One party in this contract who has a long position in the contract, is doing which of the following:

Group of answer choices

This person gives a commitment to sell a certain commodity at a certain price at a future date.

This person has an option to buy a certain commodity at a certain price in future

This person has a very long time horizon and plans to hold the contract open for the lengthiest time period.

This person has an option to sell a certain commodity at a certain price in future

This person gives a commitment to buy a certain commodity at a certain price at a future date.