If an investor buys a 100-share call option for $325 with an exercise price of $15 and the underlying price per share of the stock at expiration is $13, what is the amount of profit or loss, ignoring brokerage fees?

Answer

		There would be a profit of $525.
		There would be a loss of $125.
		There would be a loss of $325.
		There would be a loss of $525.