Return on Stock Options.Chris purchased a call option on a stock for $301.

The option gives him the right to purchase the stock at $28.66

per share until May 1st. On May 1st, the price of the stock is $26.61

per share. What is Chris' return on the stock option?

(Hint: Ignore transaction costs.)

Chris' return on the stock option is____%.

(Round to the nearest whole percent and include a negative sign when appropriate.)