Henry purchases 400 shares of ABC corp. stock for 32.00 per share and wishes to hedge his position by writing a 400 share call options on his holdings. the options have a $36.00 stock price and a premuin of $4.50 each. If the stock is selling at $35.00 at the time the options expire, what will be the overall dollar ($) gain or loss on this covered option strategy? (Consider the underlying stock holdings as well as the options)