ABC stock is currently trading at a market price (S) of $50. You do not own the stock, but you are short a call option on 1 share with a strike price (X) of $55. The option premium (cost/Proceeds) was $1.50. What is the profit or loss of the strategy the stock's price is $58.50 on the expiration date? $3.50 Profit $2.00 Profit $2.00 Loss $3.50 Loss