$($ Financial Derivatives $)$The price of a stock is $$67.$ A trader sells $5$ put option contracts on the stock with a strike price of $$70$ when the option price is $$4.$ One put option contract is to sell $100$ shares of the stock. The options are exercised when the stock price is $$69.$ What is the

trader$$s net profit or loss?

A$.$ Loss of $$1,500.$

B$.$ Loss of $$500.$

C$.$ Gain of $$1,500.$

D$.$ Loss of $$1,000.$