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This is an option chain for options that expires in 110 days. You can assume T = 0.3 year and there is no bid-ask spread,

This is an option chain for options that expires in 110 days. You can assume T = 0.3 year

and there is no bid-ask spread, i.e. each option can be bought and sold at the same price.

calls

strikes

puts

13.46

11.81

10.26

8.83

7.53

6.36

50

52

54

56

58

60

0.66

1.00

1.44

2.00

2.68

3.50

For a put-constructed 50-58 bear spread, what is the maximum loss at expiration?

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