Why Might a Financial Manager Prefer Using Option Contracts Instead

Why might a financial manager prefer using option contracts instead of futures or forward contracts to hedge?

A) Futures and forwards require a premium be paid up front,while options do not.
B) Options provide protection against adverse price movements but allow the user to profit if the price of the underlying asset moves favorably.
C) Options create an obligation to perform,while futures and forwards do not.
D) Futures and forwards all have greater default risk than options.