On January 1, 2020,Nader entered in a call option contract to purchase 5000 shares of XYZ corporation on June 30,2020 at a price of $100 per share. the market price of share on Jan.1,2020 was $100 per share while the time value of share on Jan.1 was $200. On March 30 the market price per share was $120 per share and time value reduced to $80 and on June 30 the market price was $105 per share and time value reduced to $50, at that date call option was sold, compute the value of call option should be debited on March30, 2020?

a.

$600,000.

b.

$500,000.

c.

$100,000.