On 1/1/2014 A buys 1,000 shares of X stock for $100 per share. On 10/1/14 X is trading at $125 and A buys a $125 put on 1,000 shares for $10 /share. On 12/21/14 value of X appreciates to $150 per share and put expires worthless. On 12/31/14 value of X is $105.

If A sells shares of X stock in 2015 at $107/share, how much total gain/(loss) does A recognize in 2015?

A. $7,000

B. $2,000

C. $0

D. $12,000