You have written a put on yen with a strike of 115.00/$ at a premium of 0.0080 cents per yen and an expiration of six months from now. The option is for 12,500,000. What is the profit or loss if the spot price at maturity is 110/$?

$0, option is not exercised.

$1,000, option is not exercised.

$1,000, option is exercised.

-$3528.98, option is exercised.