Tom Gettback Buys 100 Shares of Johnson Walker Stock for $87.00

Multiple Choice

Tom Gettback buys 100 shares of Johnson Walker stock for $87.00 per share and a three-month Johnson Walker put option with an exercise price of $105.00 for $20.00. What is Tom's dollar gain/loss if at expiration the stock is selling for $105.00 per share?

A) $1000 gain
B) $200 loss
C) $1000 loss
D) $200 gain
E) $500 gain