ABC Corp. is a U.S.-based company that exports machinery to Europe. The European clients are required to pay in Euros, and the current exchange rate is 1.10 USD/EUR. ABC Corp. is concerned that the Euro may depreciate against the USD before the payment is received, which could reduce their revenues when converted back to USD. To mitigate this risk, ABC Corp. is considering hedging options.
Which of the following hedging strategies will best protect ABC Corp. from the potential depreciation of the Euro?