Today, You Purchased 300 Shares of Lazy Z Stock for $49.80

Multiple Choice

Today, you purchased 300 shares of Lazy Z stock for $49.80 per share. You also bought three 1-year, $50 put options on Lazy Z stock at a cost of $.55 per share. What is the maximum total amount you can lose over the next year on these purchases?

A) −$15,105
B) −$11,050
C) −$160
D) −$105
E) $0