What is the gain or loss from purchasing a call option on $100,000 face value Treasury bonds with a strike price of $90,000 (90 points) and a premium of 1.2 points ($1,200) with an expiration date at the end of July if the end-of-July selling prices for the bonds is $80,000

Loss of $1,200
	Profit of $3,000
	Loss of $3,000
	Profit of $1,800