On April 1, 2025, Wilson Corp. purchased a call option on shares of FVA stock. The contract was for 100 shares at a strike price of $90 per share, with an expiration date of June 30, 2025. The option contract premium was $50. Wilson settled the option on June 15, when a market appraisal estimated the time value of the option to be $30 (assume cash settlement). Prices of FVA stock during the option period are provided below.

	April 1	June 15	June 30
Price of FVA stock:	$90	$95	$85

Compute the gain or loss on settlement of the option contract. (Loss amounts should be indicated with a minus sign.)