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The stock price of BAC is currently $150 and a put option with strike price of $150 is $10. A trader goes long 300 shares

The stock price of BAC is currently $150 and a put option with strike price of $150 is $10. A trader goes long 300 shares of BAC stock and long 3 contracts of the put options with strike price of $150. a. What is the maximum potential loss for the trader?(sample answer: $105.75) b. When the stock price is $161 on the expiration, what is the traders net profit?(sample answer: $105.75)

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