What is net dollar gain or cost required to create a short put delta hedge against a 100 short put position? Assume puts are priced at $1.98, the delta is 0.489, the stock price is $34.50, and no cost to short stock

A) $1,540.50 gain
B) $1,540.50 cost
C) $2,319.58 gain
D) $2,319.58 cost

C