Highest potential loss from this position

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You buy one crude oil August 50 call contract and one crude oil August 50 put contract. The call premium is $5.10 per share and the put premium is $8.65 per share. Your highest potential loss from this position is _____. (Hint: Recall that each option covers 1,000 barrels and analyze the total loss of this position by analyzing the loss of each option separately and then sum.) Show work please a. $0 b. $5,100 c. $8,650 d. $13,750 e. $50,000.

Reference no: EM131872200

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