Basket Plc Acquired a Parcel of 50 000 Call Options

Basket Plc acquired a parcel of 50 000 call options in Snake and Asp Plc on 1 November 2014.The price of the options was £0.40 each and they may be exercised any time prior to 30 June 2016.The exercise price is £30.On Basket Plc's balance date - 30 June 2016 - the company is still holding the options.The market price of the options at that time was £0.39 each and the price of Snake and Asp Pkc shares had risen to £28 having previously fallen to £15.What are the entries required to record the purchase of the options and the likely action of Basket Plc?

A) $$\begin{array}{l}1 \text { November } 2014\\\begin{array} { | l | l | c | c | } \hline \text { Dr } & \text { lnvestment in share options } & 20000 & \\\hline \mathrm { Cr } & \text { Cash } & & 20000 \\\hline & & & \\\hline 30 \text { June } 2016 & & \\\hline & \begin{array} { l } \text { No entry required as shares can be obtained directly at a } \\\text { lower cost. }\end{array} & & \\\hline\end{array}\end{array}$$
B) $$\begin{array}{l}1 \text { November } 2014\\\begin{array} { | c | l | r | r | } \hline \text { Dr } & \text { lnvestment in share options } & 20000 & \\\hline \mathrm { Cr } & \text { Cash } & & 20000 \\\hline & & & \\\hline { 30 \text { June } 2016 } & & \\\hline \mathrm { Dr } & \text { Loss on share options } & 500 & \\\hline \mathrm { Cr } & \text { Investment in share options } & & 500 \\\hline\end{array}\end{array}$$
C) $$\begin{array}{l}1 \text { November } 2014\\\begin{array} { | c | l | c | c | } \hline \text { Dr } & \text { lnvestment in share options } & 150000 & \\\hline \mathrm { Cr } & \text { Cash } & & 150000 \\\hline & & & \\\hline { 30 \text { June } 2016 } & & \\\hline \mathrm { Dr } & \text { Loss on share options } & 10000 & \\\hline \mathrm { Cr } & \text { Investment in share options } & & 10000 \\\hline\end{array}\end{array}$$
D) $$\begin{array}{l}1 \text { November } 2014\\\begin{array} { | c | l | c | c | } \hline \text { Dr } & \text { lnvestment in share options } & 20000 & \\\hline \mathrm { Cr } & \text { Cash } & & 20000 \\\hline & & & \\\hline { 30 \text { June } 2016 } & & \\\hline \mathrm { Dr } & \text { Shares } & 140000 & \\\hline \mathrm { Cr } & \text { Cash } & & 140000 \\\hline\end{array}\end{array}$$