You bought a stock at $67 and want to use a protective put strategy that consists in buying a put to protect against losses on the stock position. Puts with a strike K=62 are quoted with a bid of $1.08 and an ask of $1.21. What is the maximum loss on the entire strategy?

{Enter the positive number of the loss (do not use a negative sign in your answer) with 2 decimals. For example, if you compute the profit/loss to be -34.56. Then, the loss is 34.56. Enter your answer as 34.56}