Maximum Loss Calculation for Put Option Strategy

ABC Corporation is considering using an option strategy to hedge against a potential decline in the value of its stock. The current stock price is $50, and the company is thinking about purchasing put options with a strike price of $45 that expire in six months. The premium for each put option is $2. If the stock price at expiration is below $45, the put option will provide protection against losses.

What is the maximum loss that ABC Corporation can incur if it uses this put option strategy?