PLEASE HELP URGENT ASAP WILL LIKE !!!!71

The shares of Bubble Inc. is believed to go up very rapidly in 6 months. A while ago, Bubble's shares were trading at $3.50 per share and there were options available for the price of $1.50 per share which would allow you to buy at a strike price of $4.00. You purchased 5 options. Today, these options are trading at $8, and the market price of the company is $10.75 per share. Assuming you sold your options today, and there were no commissions on either purchase or sale of the options, how much total profit (or loss) have you earned on the sale? $3000 profit ($3,250) loss ($3,000) loss $3,250 profit