Answer:
The answer is You must have a long position in a futures contract.
Explanation:
A futures contract is an agreement to buy or sell an asset at a future date at an agreed-upon price. They are also often used to hedge the price movement of the underlying asset to help prevent losses from unfavorable price change.
Forward contracts are traded over-the-counter and have customizable terms that are arrived at between the counterparties. It is similar to futures contract in the sense that lock in a future price in the present.
However, in this case, Futures contracts apply because it is standardized thereby making each participant have the same terms regardless of who is the counterparty.
