Call Options Are Similar to Forwards Because They Represent ___________

Call options are similar to forwards because they represent ___________ by the long,but they are different from forwards because they offer the long ______________________.

A) a preplanned future purchase;the flexibility to opt out of the purchase
B) a preplanned future purchase;the flexibility to buy more of the asset than originally planned
C) an opportunity for profit;an opportunity to avoid a loss
D) an opportunity to profit;no opportunity to avoid a loss