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Need the answer fast, comprehensive and detailed. Make sure its correct.Otherwise, I will down rate. 11. Today, you purchased 200 shares of a stock for

Need the answer fast, comprehensive and detailed. Make sure its correct.Otherwise, I will down rate.

11. Today, you purchased 200 shares of a stock for $98 per share. You also bought two 1-year, $100 put options on the same stock at a cost of $6.25 per share. What is the maximum total amount you can lose over the next year on these purchases? Each put option contract represents 100 shares of the underlying. A. $20,850 B. $1,250 C. $19,600 D. $850 E. $0

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