3. Based on the table of option premiums below, what is the maximum loss of the following combined options portfolio strategy: L sell 2 calls with a strike price of $40, and buy 1 put with a strike price of $70, and - buy 1 call with a strike price of $50, and buy 2 calls with a strike price of $60? (All calls and put are written on the same stock with the same expiration date) Option type Call | Put Call Call Strike price Premium $40 $20 $70 $15 $50 $10 $60 $5