Corine Ltd,a Trader Bought a December Put Option for 10

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 would be the journal entry for 30 June 2010?

A)
$\begin{array}{llr} \text { Dr Loss on options contract } &\$4500\\ \text { \( \mathrm{Cr} \) Investment in options contract } &&\$4500\\\end{array}$


B)
$\begin{array}{llr} \text { Dr Loss on options contract } &\$450\\ \text { \( \mathrm{Cr} \) Investment in options contract } &&\$450\\\end{array}$



C)
$\begin{array}{llr} \text { Dr Investmentin options contract} &\$4500\\ \text {Cr Gain on options contract } &&\$4500\\\end{array}$



D)
$\begin{array}{llr} \text { Dr Investmentin options contract} &\$450\\ \text {Cr Gain on options contract } &&\$450\\\end{array}$