A speculator purchases a put option on Treasury bond futures with a September delivery date with a strike price of 84−00. The option has a premium of 1-00. Assume that the price of the futures contract decreases to 81−00 on the expiration date and the option is exercised at that point (if it is feasible). What is the net gain? A) $4,000.00 B) $3,000.00 C) $2,000.00 D) $1,000.00