The price of a stock is $30. A trader writes 5 call option contracts on the stock with a strike price of $32 when the option price is $2. The options are exercised when the stock price is $35. What is the traders net profit or loss (including any initial cost or income)?

A. Loss of $500

B. Gain of $500

C. Loss of $1,500

D. Gain of $1,500

E. None of the above