Olivia wants to buy some vacant land for investment purposes. She cannot afford the full purchase price. Instead, Olivia pays the landowner $$12,300$ to obtain an option to buy the land for $$246,000$ anytime in the next four years. Fourteen months after purchasing the option, Olivia sells the option for $$15,375.$ What is the amount and character of Olivia's gain or loss?

She has of :