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COST( Costco) closed at $26.2. what is my max loss from the combined position if I hold 100 shares of COST which I bought at

COST( Costco) closed at $26.2.

what is my max loss from the combined position if I hold 100 shares of COST which I bought at $25.17. If I want to protect my position from option #2.

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\begin{tabular}{|c|c|c|c|} \hline & Strike Price & Premium & Call or Put \\ \hline Option #1 & $20 & $0.25 & P \\ \hline Option #2 & $23 & $0.78 & P \\ \hline Option #3 & $28 & $1.30 & C \\ \hline Option #4 & $30 & $0.81 & C \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline & Strike Price & Premium & Call or Put \\ \hline Option #1 & $20 & $0.25 & P \\ \hline Option #2 & $23 & $0.78 & P \\ \hline Option #3 & $28 & $1.30 & C \\ \hline Option #4 & $30 & $0.81 & C \\ \hline \end{tabular}

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