Corine Ltd,a Trader Bought a December Put Option for 10 $\quad\$ 39500$

Corine Ltd,a trader bought a December put option for 10 $100 000 10% treasury bonds at a premium of $3.95 on January 1,2010.Year end for Corine is 30 June when the price for a December put option for $100 000 10% treasury bonds is $3.50.
What was the initial journal entry to record the option?

A) Dr Investment in options contract $\quad\$ 39500$
CrCash at Bank $\quad\$ 39500$
B) Dr Investment in options contract $\quad \$ 3950$
Cr Cash at Bank $\quad\$ 3950$
C) $\begin{array}{lr}\text { Dr } \quad \text { Cash at Bank } & \$ 39500 \\\text { Cr Investment in ootions contract } & \$ 39500\end{array}$
D) $\begin{array} { c c c } \text { Dr } \text { Cash at Bank } & \$ 3950 \\\text { Cr Investment in options contract } & \$ 3950\end{array}$