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3. Using the table of option premiums below, what is the maximum loss of the following portfolio strategy: sell 2 calls with a strike price

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3. Using the table of option premiums below, what is the maximum loss of the following portfolio strategy: 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) Strike price $40 Option type Call Put Call Call Premium $20 $15 $10 $70 $50 $60 3. Using the table of option premiums below, what is the maximum loss of the following portfolio strategy: 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) Strike price $40 Option type Call Put Call Call Premium $20 $15 $10 $70 $50 $60

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