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Reference the options chain for Caterpillar, Inc. (ticker: CAT) shown below. You bought one contract of the $115 strike call. What is your max loss?

Reference the options chain for Caterpillar, Inc. (ticker: CAT) shown below. You bought one contract of the $115 strike call. What is your max loss? State your answer in total dollar terms (i.e., total out-of-pocket cost not factoring transaction costs), not contract-level terms. Your answer should be a dollar amount with two decimal places of accuracy. (Note on viewing table below: You may have to use a horizontal scrollbar to see all of the columns in the table below.)

image text in transcribed MONTHNOV2020DATESELECTDATE EXPIRES: 11/20/2020 LAST TRADE: $105.41 (AS OF MAY 15, 202011:06 )

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