On January 1, You Sold One April S&P 500 Index

On January 1, you sold one April S&P 500 Index futures contract at a futures price of 1,300. If the April futures price is 1,250 on February 1, your profit would be ________ if you close your position. (The contract multiplier is 250.)

A) −$12,500
B) −$15,000
C) $15,000
D) $12,500