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Chris purchased a call option on a stock for $ 4 9 1 . The option gives him the right to purchase the stock at

Chris purchased a call option on a stock for $491. The option gives him the right to purchase the stock at $37.96 per share until May 1st. On May1st, the price of the stock is $30.24 per share. What is Chris' return on the stock option? (Hint: Ignore transaction costs.)
Part 2
Chris' return on the stock option is
enter your response here%.(Round to the nearest whole percent and include a negative sign when appropriate.)

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