Hello Sakshi, Thank you for your comment, and we’re sorry for not including the full wording earlier. Here is the complete question: Trader A purchased a 3‑month floating lookback call option on ABA stock three months ago. Trader B purchased a 3‑month fixed lookback call option on the same stock during the same time period as Trader A. ABA stock finished at $50 at the end of the three‑month option term, and the initial strike price was $40. The minimum stock price over the investment horizon was $35, and the maximum stock price was $53. The payoff difference between the floating lookback call and the fixed lookback call is closest to: A) $2 B) $3 C) $8 D) $10 E) null F) null Thank you for your feedback.