Use the Following Information for Questions

Multiple Choice

Use the following information for questions.
On April 1, 2017, Gamma Corp.purchases a call option for $500, which gives Gamma the right to buy 1,000 shares of Delta Inc.for $30 each until December 1, 2017.Delta Inc.shares are currently trading for $30.At June 30, 2017, the options are trading at $4,800 and the shares at $32 each.At December 1, 2017, the options expire with no value.
-The intrinsic value of the option at April 1, 2017 is

A) $ 0.
B) $ 500.
C) $1,000.
D) $4,800.