The correct answer is: D. present value of portfolio.
The present value of a portfolio is the current value of all the future cash flows that the portfolio is expected to generate. The current option price is the price that an option would be sold for today. When the current option price is added to the present value of the portfolio, the result is the total value of the portfolio today.
The future value of a portfolio is the value of the portfolio at some point in the future. The future value of a portfolio depends on the future cash flows that the portfolio is expected to generate, the interest rate, and the time horizon.
The current value of a stock is the price that a stock would be sold for today. The current value of a stock depends on the future cash flows that the stock is expected to generate, the interest rate, and the time horizon.
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