In 2003,a Company Employee Received an Option to Purchase the Company's

In 2003,a company employee received an option to purchase the company's stock at $45 per share.If the stock is trading at $40 a share in 2005,the employee will most likely:

A) exercise the option, receiving a gain of $5.
B) exercise the option, receiving a gain of $40.
C) would not bother to exercise the options.
D) be eligible to obtain a price $45 per share.
E) sell the shares to a third party slightly above the market price.