Mike, a Dealer in Securities and Calendar- Year Taxpayer, Purchased

Mike, a dealer in securities and calendar- year taxpayer, purchased a security for inventory on November 18, 2017 for $15,000. The FMV on December 31, 2017 was $16,000. The security was sold on December 19, 2018 for $16,500. These transactions result in

A) $1,000 ordinary income in 2017; $500 LTCG in 2018.
B) $0 ordinary income in 2017; $1,500 LTCG in 2018.
C) $0 ordinary income in 2017; $1,500 ordinary income in 2018.
D) $1,000 ordinary income in 2017; $500 ordinary income in 2018.