What is the value of a European put futures option where the futures price is 50, the strike price is 52, the risk-free rate is 5%, the volatility is 20% and the time to maturity is three months?

Select one:

51.35N(-0.342)-49.38N(-0.442)

52N(0.342)-50N(0.442)

52N(-0.342)-50N(-0.442)

51.35N(0.442)-49.38N(0.342)