You are new to investing, but have heard about the incredible leverage available through the use of options. You do not have any shares in any company presently. You believe that the new stock you just heard about, "New Age Amour Inc.," which is currently trading at $1 per share will be trading at $12 per share in under 3 months. Believing what you were told regarding the stock price increase, and knowing that a call option is the way to make money on rising share prices, you sell 4 call options for 2 months later with a strike price of $3 per share for $.75 per share. Two months later, share prices have climbed to $7 per share and the option is exercised at the strike price. How much was your profit (or loss) on the transaction? Loss of ($1.500) Gain of $1,500 Loss of ($1,300)