Tina owns 8,400 shares of Sims stock that is currently selling for $64. A European call option on Sims with a strike price of $70 is selling at $6 and has a delta of 0.40. If the price of the underlying stock has moved to $65, and consequently, the delta of the call option with a strike price of $70 has increased from 0.40 to 0.425. What is the number of European put options necessary to create a delta- neutral hedge after the price of stock changed from $64 to $65?

	A.	3,570
	B.	14,609
	C.	4,830
	D.	19,765