An analyst has been asked to estimate the VaR of a long position in a put option on the stock of Big Pharma, Inc. The stock is trading at USD 26.00 with a daily volatility of 1.5%, and the option is at-the-money with a delta of −0.5. Using the delta-normal method, which of the following choices is closest to the 1-day 95% VaR of the option position?