Mitch Sold 10 Futures Contracts on Copper at a Price

Multiple Choice

Mitch sold 10 futures contracts on copper at a price of $.8063 per pound. Contracts on copper are set at 25,000 pounds. What is the amount of Mitch's profit or loss if the price on the maturity date is $.8104?

A) -$1,025.00
B) -$410.00
C) -$102.50
D) $102.50
E) $1,025.00