Cocoa, the main ingredient in our favorite chocolate bars, is mostly traded on Londons commodity exchange. Olam International is one of the biggest cocoa refineries in the world. In February of 2013, Olam bought 10,000 call options on unprocessed cocoa. The option had strike price of $1,385 (for 10 tons of cocoa) and exercise date of February 2016. In February of 2016, cocoas market price was $2,215 per 10 tons. What was the value of Olams options on the exercise date?

7,300,000

8,300,000

9,300,000

10,300,000