Paresh sold four $$35$ call option contracts at a quoted price of $$\mathrm{.}95$ per share. What is the net profit on this investment if the price of the underlying asset is $$37\mathrm{.}20$ on the option expiration date? Ignore trading costs and taxes.

Multiple Choice

$$$$880$

$$$$500$

$$0$

$$1,260$

$$380$