Your Denver-based company is getting 15 million from a consulting contract with a British customer, who wont pay until eight months from today. Todays spot rate is $1.30:1.00 and the forward rate is $1.33:1.00. If you want to hedge your currency exposure:

You would sell a put option with an exercise price equal to todays spot price and an expiration date in eight-months

You would enter into a forward contract to deliver 15 million in eight months

You would enter into a forward contract to deliver $20 million in eight months

You would buy a call option with an expiration date in eight months.