You short $8$ put option contracts on Intel with a strike price of $$60\mathrm{.}00.$ The option premium is $$1\mathrm{.}25$ per share, and the market price for Intel on the date you enter the contracts is $$60\mathrm{.}30.$ What is the value of your position if when the options expire Intel is selling for $$62\mathrm{.}50?$