Question $11$

$5$ pts

You believe ABC stock, which is currently selling for $$82\mathrm{.}35,$ is going to break hard, but you are unsure in which direction. Therefore you choose to set up a long strangle using $1$ contract each of the June $82\mathrm{.}50$ calls @ $3\mathrm{.}45$ and the June $77\mathrm{.}50$ puts @ $$3\mathrm{.}25$

What is the maximum loss for your position? Enter as a negative number.