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 equal to $40. The minimum stock price during the life of the option was $35, and the maximum stock price was $55. Which of the following statements is correct?