Question: What would be the maximum loss on a protective put and breakeven? For example, if you bought 500 shares of stock at $10 and it

What would be the maximum loss on a protective put and breakeven?

For example, if you bought 500 shares of stock at $10 and it is now trading at $15, so you write protective puts with a strike price of $13 and a premium of $0.75.

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