1. On 1 April 2021 Joyce acquired two contracts in SPI200 futures in which she took a buy position. Contract unit is the value of the SPI200 index, multiplied by $25. The SPI200 index was 5500 on 1 April 2021. On 15 June 2021 she decided to close out her futures contracts, when the SPI200 index was 5050. What is the amount of gain or loss on the futures contracts?

   	A.	$11,250 loss
   	B.	$22,500 loss
   	C.	$22,500 gain
   	D.	$11,250 gain