You have taken a protective put position by purchasing $100$ shares of AMR stock at $$20$ peYou just purchased a three$-$month BP call option $($exercise price $$75)$ and a three$-$month BP put

option $($exercise price $$75).$ The call premium is $$6$ and the put premium is $$2.$ Your maximum

potential loss from this position is $\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$

a$.$ $$200$

b$.$ $$600$

c$.$ $$800$

d$.$ unlimited

share and one AMR put option contract at a premium of $$1.$ The put has a strike price of $$15$ and

expires in $6$ months. What is the maximum potential loss for the protective put?

a$.$ $$100$

b$.$ $$500$

c$.$ $$600$

d$.$ $$800$