Question: i need help with this Reference the options chain for Caterpillar, Inc. (ticker: CAT) shown below. You plan to construct a collar using the $100
i need help with this 
Reference the options chain for Caterpillar, Inc. (ticker: CAT) shown below. You plan to construct a collar using the $100 strike and the $115 strike. Note that the current stock price as of the time of this transaction is shown at the bottom of the image below. You are only buying/selling one of each respective option contract. What is your max loss? State your answer in contract-level terms. Your answer should be a dollar amount with two decimal places of accuracy. (Note on viewing table below: You may have to use a horizontal scrollbar to see all of the columns in the table below.) CAT Option Chain Month: Nov 2020 Expires 11/20/2020 Last Trade: \$105.41 (as of May 15, 2020 11:06)
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