In July, You Purchase a September 75 Put Option on Keebler

In July, you purchase a September 75 put option on Keebler, Inc. common stock. You:

A) Should exercise the option at expiration if the price of Keebler stock is $80.
B) Have given the seller the right to buy a share of Keebler stock at $75 sometime prior to the September expiration.
C) Have the right to buy a share of Keebler stock at $75 sometime prior to the September expiration.
D) Will have a negative cash flow at the time you initiate the contract and a positive cash flow when the option expires if the stock price is less than $75 at that time.
E) Will have a worthless option in August if the stock price is $80 at that time.