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Ellen purchased a PQR December 45 Call on October 4, 2019, for $400. The option gave her the right to buy 100 shares of PQR

Ellen purchased a PQR December 45 Call on October 4, 2019, for $400. The option gave her the right to buy 100 shares of PQR stock for $45 a share. She sold the option for $500 on December 17, 2019, when the price of the stock was $48 a share. Ellen will report a capital gain of _________ on her 2019 return.

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$100

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$200

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