On January $1,$ you sold one April S&P $500$ Index futures contract at a futures price of $1,390.$ If the April futures price is $1,350$ on February $1,$ your profit would be if you close your position. $($The contract multiplier is $250.)$

Multiple Choice

$$10,000$

$$12,500$

$-$$$10,000$

$-$$$12,500$